Find the Unknown Value $\log _ { 4 } \frac { 1 } { 64 } = y$

question 201

Multiple Choice

Find the unknown value.
- $\log _ { 4 } \frac { 1 } { 64 } = y$

• A)3
• B) \(\frac { 1 } { 3 }\)
• C) \(- \frac { 1 } { 3 }\)
• D)-3

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Definitions:

Retractable Bond

Bond that may be sold back to the issuer at a prespecified price before maturity.

Debenture

An unsecured loan certificate issued by a company, backed only by the general creditworthiness and reputation of the issuer.

Default Risk

The likelihood that a debtor may not fulfill their debt contract obligations.

Yield Maturity

The term generally refers to the date when a bond or other fixed-income security matures, at which point the issuer is obligated to pay the principal amount back to the bondholders.