A graphic designer needs a laptop for audio/video editing, and notices that they can elect to pay $3,200 for a Dell XPS laptop, or lease from the manufacturer for monthly payments of $94 each for four years. The designer can borrow at an interest rate of 14% APR compounded monthly. What is the cost of leasing the laptop over buying it outright? A. Leasing costs $480 more than buying. B. Leasing costs $240 more than buying. C. Leasing costs $288 more than buying. D. Leasing costs $192 more than buying. What is the yield to maturity of a nine-year, $10,000 bond with a 4.5% coupon rate and semiannual coupons if this bond is currently trading for a price of $9,047? A. 7.05% B. 5.88% C. 8.23% D. 2.94%