Simplify Each Expression, First as a Base to a Single $3 ^ { 2 } \cdot x ^ { 6 } \cdot x ^ { 23 }$

question 70

Short Answer

Simplify each expression, first as a base to a single power, then, if possible, as a decimal.
- $3 ^ { 2 } \cdot x ^ { 6 } \cdot x ^ { 23 }$

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Definitions:

Bond Price

Bond price is the present value of a bond's future interest payments and its redemption value at maturity, which fluctuates with interest rates and the bond's credit rating.

Tax Exempt Equivalent Yield

A calculation that determines the return needed on a taxable bond to make it equivalent to the yield on a tax-exempt bond, factoring in the investor's tax rate.

Marginal Tax Rate

The amount of tax paid on an additional dollar of income.

Bond Yield

The return an investor realizes on a bond, calculated by dividing the annual interest payments by the current market price of the bond.