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9) Dan buys a property for $210,000. He is offered a 30-year loan by the bank, at an interest rate of 8% per year. What
9) Dan buys a property for $210,000. He is offered a 30-year loan by the bank, at an interest rate of 8% per year. What is the annual loan payment Dan must make? A) $18,653.76 B) $22,384.51 C) $26,115.26 D) $29,846.02 10) A $1000 bond with a coupon rate of 6.2% paid semiannually has eight years to maturity and a yield to maturity of 8.3%. If interest rates rise and the yield to maturity increases to 8.6%, what will happen to the price of the bond? A) The price of the bond will fall by $18.93. B) The price of the bond will fall by $15.78. C) The price of the bond will rise by $15.78. D) The price of the bond will not change
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