Joaquim alvez purchases 32 bonds that mature in 2024 at 96.7. they have a coupon rate of 8.625%. find the effective interest rate rounded to the nearest tenth.

The coupon rate given to us is 8.625%.

To find the effective annual interest rate, we will have to use the following formula:

Where ER is the Effective Rate

r is the coupon rate in per unit

n is the number of months in a year.

Thus, if we apply the formula, we will get the effective rate to be:

In percentage, the effective rate is ER=8.974% and to the nearest tenth it is 9.0%.

according to this law, when unemployment goes up by 1%, gdp drops by 2%. in the question, unemployment rate goes from 2% to 5%, meaning unemployment goes up by 3%, so the gdp drops by 6%. thus the effect is a drop in gdp by 6%.

step-by-step explanation:

step-by-step explanation:

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hj=3x+20

ji=15x-64