7) What is yield to maturity for a bond paying at 5% annual coupon, 10 years until...
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Question:
7) What is yield to maturity for a bond paying at 5% annual coupon, 10 years until maturity and sells for $900? Assume par =$1000.
a) 5.0%
b) 6.4%
c)8.6%
d)9.9%
8) What will be the monthly payment on the home mortgage of $750,000 at 7% APR interest, to be paid over 20 years.
A) $4994
b) $5391
c) $5815
d) $6789
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