Assume you have borrowed $250,000 for a mortgage at 9%. You will pay the loan off monthly payments over 30 years. If the loan payment is $2011.56, what is the loan balance at the beginning of month 2? NOTE, I'VE ALREADY CALCULATED THE PAYMENT FOR YOU.

$249,725.86

$268,165.59

$248,165.59

$249,863.44

Which of the following should have the highest yield?

		90 day Treasury bill
		10-year BB corporate bond.
		30-year Treasury bond
		10-year AA corporate bond.

.Companies are more likely to call bonds when:

		the company has a ratings downgrade
		interest rates rise
		the company is about to violate the terms of the indenture (like violate a bond covenant)