Joey purchased an n-year par-value 2,000 bond that had a coupon rate of 9% convertible quarterly. todd purchased a par-value bond with an identical coupon rate but having a term of 2n years. the coupons that joey and todd received in the first n years were identical and both bonds had a yield rate of 6% convertible quarterly. todd paid 233.02 more than joey. calculate n. note that 4n must be an integer

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Ithink its 1e100 but im not sure.

The measure of an economic adopted