1. Which of the following is the reason why bond prices fluctuate?

A. They are traded among investors in the secondary market. B. They are auctioned to other banks and brokers. C. Both A and B. D. None of the choices.

2. Anna decided to purchase a 1,500,000 house and lot. After deducting the down payment, the mortgage amount is 1,000,000. If the interest is at 10% compounded monthly, how much is the monthly installment if they plan to amortize the loan in 25 years?

A. 9,000.25 B. 9,031.25 C. 9,051.25 D. 9,061.25