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7 . The market rate is 6 % . The face value of the bond is $ 1 0 0 0 , the coupon rate

7. The market rate is 6%. The face value of the bond is $1000, the coupon rate is 4% with annual compounding, and the bond matures in 10 years. What is the value of the bond?
8. A company issues bonds at a market price of $1,300. The face value is $1,000. The bonds mature in 10 years and the coupon rate is 9% compounded annually. What is the yield to maturity on the companys bonds?
9. A loan carries a 9.5% annual percentage rate (APR) and compounds daily. What is the APY?
10. An engineer will receive $15,000 per year (at the end of the year) for 10 years. The annual interest earned on the investment is 5%. What is the present value of the engineers investment?

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