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19. You borrowed $1,200 at 10% compounded annually. Your payments are $120.00 at the end of each year. How many years will you make payments
19. You borrowed $1,200 at 10% compounded annually. Your payments are $120.00 at the end of each year. How many years will you make payments on the loan? A) 5 B) 10 C) 15 PMT =120 and D) 20 1=101 E) Forever 20. The market price of a bond is $1,224.31, it has 14 years to maturity, a $1,000 face value. and pays a 10% coupon in semiannual installments. The bond has a face value of $1,000. What is the yield (YTM)? A) 7.27% B) 6.11% C) 3.18% D) 5.37% E) 7.40%
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