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1) Detta borrows $20,000 from the bank. For a five-year loan, the bank requires annual end-of-year payments of $4,878.05. The annual interest rate on the
1) Detta borrows $20,000 from the bank. For a five-year loan, the bank requires annual end-of-year payments of $4,878.05. The annual interest rate on the loan is A) 6 percent B) 7 percent C) 8 percent D) 9 percent Company Coupon Ford (5) 11.0 Maturity July 31, 2014 EST EST Last Price Last Yield Spread UST 65.50 104 10 VOL. (000) 5,100 2) Based on the table above, assume this bond's face value is $1,000. What is the bond's current market price? A) $65.00 B) 5655.00 C) $650.00 D) $6,550.00
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