28. You borrow $20,000 to be repaid in 12 monthly installments of $1,833.60. The annual interest rate is closest to a. 2 percent. b. 12 percent. c. 18 percent. d. 24 percent. 29. SWH Corporation issued bonds on January 1, 2004. The bonds had a coupon rate of 6.5%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on January 1, 2019. What is the intrinsic value of an SWH Corporation bond on January 1, 2010 to an investor with a required return of 7%? a. $954.46 b. $967.03 c. $1,000.00 d. $1,033.28 30. Put the following in order of their claim on assets of a firm, starting with the FIRST to have a claim A. Bonds B. Preferred stock C. Common Stock A, B, C b.C,A,B C, B, , d. C, B, A 31. How much money must be deposited at the end of each year into a bank account yielding 6.8% (compounded annually) in order to have S27,000 at the end of 12 years? a. $1,527.21 b. $I,393.16 c. S1,261.04 d. $I,119.07 8 of 1