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A. You purchased a new issue GE Corp bond. The bond has a face value of $1,000, initial coupon interest rate = 4%, and a
- A. You purchased a new issue GE Corp bond. The bond has a face value of $1,000, initial coupon interest rate = 4%, and a maturity of 10 years. Exactly 4 years later, you sell the bond in the secondary market; however, market interest rates for bonds of equal risk and maturity are now 3.5%. Calculate the selling price of your bond. B.) Calculate Annualized Holding Period Return (HPR) on the investment.
- You purchase a 1-year discount bond for $985.22. If the Face Value is $1,000, calculate the yield on this bond?
- TVM question: You wish to borrow $25,000 (Loan =PVa) to purchase a new car. Terms are 6 years at a 4% annual interest rate. Find the MONTHLY payment on this loan
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