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1 pts Question 8 A 4-year auto loan in the amount of $32,000 carries a 6% interest rate. If the loan is to be repaid
1 pts Question 8 A 4-year auto loan in the amount of $32,000 carries a 6% interest rate. If the loan is to be repaid in equal monthly installments, what is the size of each payment? O $751.52 O $9.234.92 $666,66 $591.52 Question 12 1 pts A professional athlete has been offered a 5 year contract that will pay $1 million in the first year, $2 million in the second year, and $5 million for each of the next three years. These payments are made at the end of the year. If the athlete's discount rate is 8%, what is the present value of the contract? $19.5 million $14.78 million $18.0 million O $13.68 million 1 pts Question 20 Moe Corporation's bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 5.00%, based on semiannual compounding. What is the bond's price? $1,235,47 $976.02 O $1,457.85 O $1,050.15 O $1,359.01 Question 21 1 pts One year ago, Alpha Supply issued 15-year bonds at par. The bonds have a coupon rate of 6.5 percent and pay interest annually. Today, the market rate of interest on these bonds is 7.2 percent. How does the price of these bonds today compare to the issue price? 4.99 percent lower 5.38 percent lower 06.05 percent lower 0.07 percent higher 1.36 percent higher
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