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6. You want to buy a new car for $480,000, and the car dealership has quoted you an 4.6% APR loan compounded monthly for 48

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6. You want to buy a new car for $480,000, and the car dealership has quoted you an 4.6% APR loan compounded monthly for 48 months to buy the car. What is the EAR on this loan? A. 4.66% B. 4.68% C. 4.70% D. 4.72% 7. Grand Land Limited offers a 9.5% coupon bond with annual payments. The yield to maturity is 11.2% and the maturity date is 11 years from today. What is the market price of this bond if the face value is $1,000? A. $895.43 B. $1,009.67 C. $1,112.20 D. $1,234.18

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