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Carter's pension plan is an annuity with a guaranteed return of 4% per year which is paid out quarterly (assumed also compounded quarterly). Over his

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Carter's pension plan is an annuity with a guaranteed return of 4% per year which is paid out quarterly (assumed also compounded quarterly). Over his working life, he accumulates S 625,000 in his retirement account. The pension is paid out quarterly based on a 25-year payout period. How much will Carter receive per quarter after he retires? (4) I. Assuming coupon payments are made four times a year, determine the selling price of a $ 2,000 bond maturing inj 15 years with a 4.60% coupon rate and a yield of 4.50%. Assume that m-4. (4) 2

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