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1. What are the annual payments for a 14-year annuity with a present value of $140,000, assuming interest rates are 6.5% per annum. 2. When

1. What are the annual payments for a 14-year annuity with a present value of $140,000, assuming interest rates are 6.5% per annum.

2. When a bond's yield to maturity is 11% and the bond's coupon rate is 12%, the bond:

a. had to be recently issued.

b. is selling at a discount.

c. is selling at a premium.

d. has reached its maturity date.

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