15. You are a credit analyst in the asset management department of a large bank or insurance company. The credit department is researching an investment in a syndicated loan made to a large firm. The loan is an "amortized loan" with a 6% interest rate payable semi-annually. The original term was 8 years. For analytical purposes, assume the loan trades in $1000 increments. What are the semi-annual payments on the loan [round to 1 cent]? Answer: 16. The amortized loan had an original term of 8 years but 2 years have passed. What is the outstanding balance on the loan with 6 years to maturity [round to 1 cent]? Answer: 17. Assume the loan has been outstanding for 2 years so there are 6 years to maturity. Payments on the loan are up to date and the fourth payment has just been made so the next payment is due in 6 months. The loan is currently trading at 90% of the remaining balance of the loan. What would the loan trade at in dollar terms [round to 1 cent]? Answer: 18. What is the nominal return or yield to maturity on the loan if purchased for 90% of the remaining loan balance [round to 2 decimal points or 1 basis point]? Answer: 19. What is the effective yield, or APR, on the loan if purchased for 90% of the remaining loan balance [round to 2 decimal points or 1 basis point]? 3