Question
4. You are considering the purchase of new living room furniture that costs $1,280. The store will allow you to make weekly payments of $27.72
4.
You are considering the purchase of new living room furniture that costs $1,280. The store will allow you to make weekly payments of $27.72 for one year to pay off the loan. What is the EAR of this arrangment?
rev: 02_14_2019_QC_CS-158611
Multiple Choice
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22.63%
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25.33%
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26.83%
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28.17%
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23.82%
5.
Workman Software has 8.4 percent coupon bonds on the market with 6 years to maturity. The bonds make semiannual payments and currently sell for 95.4 percent of par. |
a. | What is the current yield on the bonds? |
multiple choice 1
|
b. | The YTM? |
multiple choice 2
|
c. | The effective annual yield? |
multiple choice 3
6.
6. There is a bond that has a quoted price of 106.875 and a par value of $2,000. The coupon rate is 6.93 percent and the bond matures in 23 years. If the bond makes semiannual coupon payments, what is the YTM of the bond? Multiple Choice
|
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