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1.) You have been offered a 6 year bond issued by Barone Inc., at a price of $943.22. The bond has a coupon rte of

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1.) You have been offered a 6 year bond issued by Barone Inc., at a price of $943.22. The bond has a coupon rte of 8% and pays the coupon semiannually. Similar bonds in the market will yield 10% today. Should you buy the bonds the offered price? A. Yes, the bond is worth more at $1,015 B. No, the bond is only worth $930 C. Yes, the bond is worth more than $951 D. No, the bond is only worth $912 E. Additional information needed 2.) Today, you have borrowed $5,500 on your credit card to purchase some furniture. The interest rate is 15%, compounded monthly, How long will ttake you to pay off the debt assuming that you do not charge anything else and make regular payments of $120. A. 5.87 years B. 6.40 years C. 6.93 years D. 7.23 years E. 7.58 years

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