Question
13) An investor holds a Ford bond with a face value of $1000, a coupon rate of 8.5%, and semiannual payments that matures on 01/15/2029.
13) An investor holds a Ford bond with a face value of $1000, a coupon rate of 8.5%, and semiannual payments that matures on 01/15/2029. How much will the investor receive on 01/15/2029?
14) Consider a zero-coupon bond with a $1,000 face value and 10 years left until maturity. If the bond is currently trading for $495, then the yield to maturity on this bond is closest to:
15) How long will it take $52,000 placed in a savings account at 10% interest to grow into $77,000?
16) An annuity pays $14.00 per year for 103 years. What is the present value (PV) of this annuity given that the discount rate is 5%?
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