9. Assume that your semi-annual mortgage payment is $20,000. The original mortgage is $360,000 and the mortgage is paid off in 20 years. Determine the annual (bond-equivalent yield) interest rate of the mortgage. A. 10.25% B. 9.31% C. 10.59% D. 11.01% 10. Assume that you are now 25 years old. You would like to retire at age 65 and have a retirement fund of $5,000,000 at the time of your retirement. You have already $50,000 at age 25 in the retirement account. You expect to carn 7% per year. The amount of money you must set aside each month to reach your retirement goal is: A. $4,377.98 B. $1594.18 C. $3500.00 D. $2500.00 11. The Lo Sun Corporation offers a bond with a current market price of $844.50 and a coupon rate of 5.5%. The yield to maturity is 9 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures? A. 12.40 B. 6.80 C. 5.80 D. 15.60 12. Wine and Roses, Inc. offers a 5 percent coupon bond with annual payments and a yield to maturity of 8 percent. The bonds mature in 10 years. What is the market price of a $1,000 face value bond? A. $807.89 B. $798.70 C. $760.36 D. $890.34 13. The Angle stocks price is $112.92 on 8/1/15 and becomes S10.30 on 9/1015. In August Angle gives a dividend MacBook Pro 13. The Apple stock's price is $112.92 on 8/1/15 and becomes $110.30 on 9/1/15. In August, Apple gives a dividend of $0.52 per share. What is the holding period monthly return for Apple in August? A. -1.86% B. -2.00% C. -1.59% D. -1.65% 14. What's the average monthly return on Walmart stock from 7/1/2015 to 12/1/2015 Date End of Day Price Dividend in this month Holding Period Monthly Return 7/1/15 71.98 0 8/1/15 64.73 0.49 -10.07% 9/1/15 64.84 0 0.93% 10/1/15 57.24 0 -11.72% 11/1/15 58.84 5 2.80% 61.30 12/1/15 4.18% 0.49 A.-2.78% B. 2.45% C.-1.67% MacBook Pro Q O ese . CC 9