2.Phontaine realizes that she has charged too much on her credit card and has racked up $5,800 in debt. If she can pay $250 each month and the card charges 17 percent APR (compounded monthly), how long will it take her to pay off the debt?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

4.Keko Corporation 15-year bonds have an equilibrium rate of return of 9 percent. For all securities, the inflation risk premium is 1.60 percent and the real risk-free rate is 3.30 percent. The securitys liquidity risk premium is 1.05 percent and maturity risk premium is 1.65 percent. The security has no special covenants. Calculate the bonds default risk premium.(Round your answer to 2 decimal places.)

5.A 8.5 percent coupon bond with 13 years left to maturity is priced to offer a 6.75 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.6 percent.

What would be the total return of the bond in dollars?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Total Return$_______

What would be the total return of the bond in percentage?(Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Total Return_____%

6.A client in the 27 percent marginal tax bracket is comparing a municipal bond that offers a 6.0 percent yield to maturity and a similar-risk corporate bond that offers a 8.30 percent yield.

Determine the equivalent taxable yield.(Round your answer to 2 decimal places.)

Equivalent taxable yield________%

9.Your full-service brokerage firm charges $145 per stock trade. How much money do you receive after selling 175 shares of Kia Corporation, which trades at $29.13?(Round your answer to 2 decimal places.)

Amount received $__________