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27.A coupon bond with a face value of $1000 is purchased for $1050 with the maturity period of 10 years. The semi-annual coupon rate is

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27.A coupon bond with a face value of $1000 is purchased for $1050 with the maturity period of 10 years. The semi-annual coupon rate is ja = 10% p.a. The desired semi- annual compounding yield rate to maturity is: A. 10.00% B. 5.00% C. 9.23% D. 4.94% E. 4.62% 28.A company issues a 10-year $1000 bond with coupons at ja = 6%, and redeemable at 105, at the end of 5 years. Determine the purchase price that will guarantee an investor a return of ja = 5% p.a. A $958.42 B. $1043.76 C. $928.94 D. $1078.39 E. $1000.00 29. A $6000 loan is to be repaid over 5 years with monthly payments of j12 = 6% p.a. Determine the monthly payment. A. $1424.38 B. $100.00 C. $116.00 D. $1064.38 E. $86.00 30.A $6000 loan is to be repaid over 5 years with monthly payments of j12 = 6% p.a. Determine the amount of interest that is paid on the 21s payment. A $20.98 B. $4100.96 C. $95.02 D. $20.50 E. $4195.98 31. A $6000 loan is to be repaid over 5 years with monthly payments of j12 = 6% p.a. Determine the amount of principal that is paid on the 50 payment. A. $6.19 B. $109.81 C. $1128.73 D. $5.64 E. $1238.54 32. Susan buys a new car worth $65,000. She pays $5,000 initial deposit and agrees to pay $1500 at the end of each month as long as necessary. Calculate the number of full payments she needs to make if interest is j12 = 12%: A. 48 B. 49 C. 50 D. 51 E. 52 33. Susan buys a new car worth $65,000. She pays $5,000 initial deposit and agrees to pay $1500 at the end of each month as long as necessary. Calculate the partial payment she needs to make on the month following the final full payment if interest is 12 = 12%: A. $508.00 B. $1016.19 C. $580.10 D. $1160.19 E. $850.10

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