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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
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 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 Tony expects that three years from today, his salary will be $ per year, and that it will grow by per year during his career. Tony will deposit of his salary each year first deposit three years from today, second deposit four years from today, etc., with the last deposit at age when Tony retires into a retirement account earning per year, compounded quarterly. How much money will Tony have in his retirement account at age just after the last deposit at age
The ZMatic Corporation has an coupon bond on the market with exactly years remaining until maturity.The bond makes semiannual coupon payments and currently sells for 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 years. This bond has a par value of $ 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?
aWhat is the price today of a stock that just paid a dividend at t of $ per share if the dividend is expectedto grow by for the next two years t and and then by per year, thereafter. Assume r per yearcompounded annuallyb At what price should the stock sell two years from today just the instant before the t dividend
On January Susan Hsieh bought a motorcycle for $ She paid $ down, and financed the balance $ with a fiveyear month loan carrying an interest rate of per year, compounded monthly. The first monthly loan payment was due February abWhat was the monthly payment for this month loan?On April Susan decided to sell her motorcycle the instant after making the rd 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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