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A bond has five years to maturity, a $1,000 face value, and a 6.4% coupon rate with annual coupons. What is its yield to maturity

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A bond has five years to maturity, a $1,000 face value, and a 6.4% coupon rate with annual coupons. What is its yield to maturity if it is currently trading at $870 ? A. 9.82% B. 7.86% C. 11.78% D. 13.75% Dan buys a property for $200,000. He is offered a 25 -year loan by the bank, at an interest rate of 7% per year. What is the annual loan payment Dan must make? A. $24,026.94 B. $17,16210 C. $27,459.36 D. $20,594.52

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