Question
1. You are going to deposit $3,200 in an account that pays .58 percent interest compounded quarterly. How much will you have in 8 years?
1. You are going to deposit $3,200 in an account that pays .58 percent interest compounded quarterly. How much will you have in 8 years?
2. zinger has a bond outstanding with a coupon rate of 5.8 percent and semiannual payments. The bond has a yield to maturity of 6.5 percent, a par value of $2,000, and matures in 17 years. Calculate the market value of the bond?
3. Evermore bonds have a par value of $2,000 and sell for $1,950.22. The bond has a coupon rate of 6.87 percent and matures in 25 years. If the bond makes semiannual coupon payments, what is the YTM?
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