(a) Assume you took out a 10-year loan for the amount of $1,250,000. The interest rate on the loan is 6% annual percentage rate. The loan payments are made on a monthly basis. You have made repayment on your loan for 7 years. If you decide to close your loan account, what amount would be required to pay off the loan balance with 3 years remaining on the loan? [ 9 marks] (b) You have an investment which your financial advisor informs you may have the possible results shown in the table What is the standard deviation of the returns of the investment? [9 marks] (c) A firm issued a 15 -year $1,000par value bond with a coupon rate of 11%. The bond makes semiannual coupon payments. What is the current price of the bond if the it matures in 6 years and investors in similar bonds require a return (yield to maturity) of 10% ? [6 marks] (d) You purchased an item at a price of $8,000 one year ago. You were able rent the item for a while for $1,500 and later sold it for $6,000, what is your rate of return? [6 marks]