5. You want to make a car-loan to buy a new car and you have two choices. Bank X charges 4.25% compounded quarterly on its auto loans. Bank Z charges 4.225% compounded bi-weekly on its auto loans. Which bank would you go for a new loan? Why? 6. A bond has a 4.6% coupon rate and a $1,000 face value. Coupon is semi-annually and the bond has 25 years to maturity. If investors require a 4% yield, what is the bond's value? 7. You have purchased a house for $450,000 and financed it with a loan to be repaid in monthly payments over a period of 30 years. What is the monthly payment if the APR is 6.5%? 8. The ABC Corporation has just paid a dividend of $5.65 per share. The dividend of this company grows at a steady rate of 6 percent per year. a) What will the dividend be in seven years (D5) ? b) What is the (current) price of this stock if the required return is 15 percent? c) What is the price of this stock in year 4 ? 9. The next dividend payment by XYZ Co. will be $3.98 per share. The dividends are anticipated to maintain a 3 percent growth rate, forever. If XYZ stock currently sells for $230.4 per share, what is the required return