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1A. You purchase a house for $115,036.00. You made a down payment of 20,000 and the remainder of the purchase price was financed with a
1A. You purchase a house for $115,036.00. You made a down payment of 20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30-year mortgage with an annual interest rate of 4.73%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment?
1B. A 1,000 par value bond that pays interest annually just paid $56.00 in interest. What is the coupon rate? Please answer as a percentage (%).
1C. An 9.25% coupon, 17.0 -year annual bond is priced at $1,076.00. What is the current yield for this bond? Please answer as a percentage (%).
1D. What is the price of a 1,000 par value semi-annual bond with 23.0 vears to maturity and a coupen rate of 6.51% and a yield-to-maturity of 8.31%
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