A store is offering a diamond ring for sale for 60 months at $100 per month. The retail price of the ring is $5,000. What is the interest rate on this offer?

4.99%

5.92%

7.64%

6.76%

What's the value of a 30-year, $1,000 par value, 6% coupon rate bond if the yield to maturity (YTM) is 7%? ______

$800

$950

$875.9

$1,100

What's the value of a 30-year, $1,000 par value, 6% coupon rate bond if the yield to maturity (YTM) increases to 8%? ______

		$774.8
		$834.2
		$923.1
		$1,000