20.A loan of $15000 is taken out at j1 = 8% p.a. and is to be repaid over 5 years with semi-annual payments. The 15 payment will be made in 6 months from now. Calculate the semi-annual payment. A. $1842.29 B. $3756.85 C. $1849.36 D. $2556.85 E. $1249.36 21. What regular annual deposit should be made for 15 years to provide for a perpetuity of $2000 per year with the 1* payment due 10 years after the final deposit, with j1 = 8% p.a.? A $12506.22 B. $27000.00 C. $25000.00 D. $2000.00 E. $460.60 22. A university estimates that its new campus will require $30,000 for upkeep at the end of each year for the next 5 years and $50,000 at the end of each year thereafter indefinitely. If money is worth it = 8% p.a., how large an endowment is necessary (today) for the future upkeep of the campus? A. $119,781.30 B. $425,364.50 C. $400,000.00 D. $319,416.80 E. $545, 145.80 23.A $1000 bond pays interest semi-annually at ja = 10% p.a., and is redeemable at par at the end of 10 years. The purchase price of the bond to yield an investor 8% p.a. compounded semi-annually is: A. $1135.90 B. $679.52 C. $1000.00 D. $798.70 E. $1134.20 24. A $1000 coupon bond is redeemable at par at the end of 10 years. The purchase price of the bond is $950 and yields an investor 8% p.a. compounded semi- annually. Calculate the semi-annual coupon payment? A. $40.00 B. $72.55 C. $36.32 D. $50.00 E. $80.00 25.A coupon bond is purchased for $1037.69 with the maturity period of 10 years. The semi-annual coupon payment is $50. If the desired rate of return (yield rate) is ja = 10% p.a., then the face value of the bond is: A $1000.00 B. $1097.76 C. $2583.94 D. $1100.00 E. $2691.50 26.A coupon bond with a face value of $1000 is purchased for $1000 with the maturity period of 10 years. If the desired rate of return (yield rate) is ja = 10% p.a., then the semi-annual coupon rate is: A. 5.00% B. 10.00% C. 9.76% D. 4.88% E. 4.94%