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-cquivalent yicld) interest rate of the mortgage. % B 931 c. 10,59% D. 11.01% 10. Assume that vou are now 25 vears 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 earn 7% per year. The amount of money you must set aside cach month to reach your retirement goal is: A. $4,377.98 C. $3500.00 D. $2500,00 it until this bond matures? A. 12.40 B. 6.80 D. 15,60 12. Wine and Roses, Inc. offers a 5 percent coupon bond with annual payments and a yield to maturity of 8 AFR bonds mature in 10 years. What is the market price of a $1.000 face value bond? B. $798.70 C. $760.36 D. S890.34 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 retum for Apple in August? A. -1.86% C.-1.59% D. -1.65% 14. What's the average monthlyy return on Walmart stock from 7/1/2015 to 12/1/2015 End of Holding Period Monthly Return ay Price Dividend in this month 7/1/15 64.73 8/1/15 0.49 10.07 % 0.93 % 9/1/15 64.84 -11.72 % 0 10/1/15 57.24 11/1/15 58.84 2.80% 0 12/1/15 61.30 0.49 4.18% B. 2.45% C. -1.67% D. 3.45% 15. The company is paying a dividend of $2 per share every year and its stock price is $40. What is discount rate? A. 3% B. 5% C. 8% D. 10% 16. The company is paying a dividend of $2 per share now and the growth rate of the dividend is 3%. The stock price is $40. What is discount rate? 3% C 8% D. 10%