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1 ) Tony Altobelli is a senior finance major at George Mason University. Tony has been very conscientious and studious during his four years, and

1)Tony Altobelli is a senior finance major at George Mason University. Tony has been very conscientious and studious during his four years, and likely has a bright future. Three years from today when Tony is 25 years old, he plans to begin depositing money into a retirement account (so as to ensure a safe and secure financial future when Tony becomes a senior citizen). Tony plans to retire at age 60.Tony expects that three years from today, his salary will be $58,000 per year, and that it will grow by 6% per year during his career. Tony will deposit 10% of his salary each year (first deposit three years from today, second deposit four years from today, etc., with the last deposit at age 60 when Tony retires) into a retirement account earning 8% per year, compounded quarterly. How much money will Tony have in his retirement account at age 60, just after the last deposit at age 60?
2) The Z-Matic Corporation has an 8.6% coupon bond on the market with exactly 10 years remaining until maturity.The bond makes semi-annual coupon payments and currently sells for 106% of par.a) What is the current yield for this bond?b) What is the yield to maturity for this bond?You are also considering the purchase of a zero coupon bond that matures in 30 years. This bond has a par value of $1,000. If the required return on this bond is the same as the required return for the bond, above, at what price should this zero coupon bond sell today?
3) a)What is the price today of a stock that just paid a dividend (at t=0) of $1.00 per share if the dividend is expectedto grow by 15% for the next two years (t =1 and 2) and then by 4% per year, thereafter. Assume r=12% per year(compounded annually).b) At what price should the stock sell two years from today (just the instant before the t=2 dividend)?
4) On January 1,2016, Susan Hsieh bought a motorcycle for $22,000. She paid $1,000 down, and financed the balance ($21,000) with a five-year (60 month) loan carrying an interest rate of 6% per year, compounded monthly. The first monthly loan payment was due February 1,2016.a)bWhat was the monthly payment for this 60 month loan?On April 1,2016, Susan decided to sell her motorcycle (the instant after making the 3rd loan payment that was due on that day). Assuming no prepayment penalty, what amount is needed to pay off the remaining balance of the loan?

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