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Chris has invested $15,000 in a savings account that is paying interest at a 7.8% (stated rate), compounded monthly. What is the Annual Percentage Yield
- Chris has invested $15,000 in a savings account that is paying interest at a 7.8% (stated rate), compounded monthly. What is the Annual Percentage Yield (APY) that Chris is earning on his investment? (0.1 points)
- Calculate the present value of the annuity stream of $7,000 received each quarter for six years on the first day of each quarter if your investments pay 6 percent compounded quarterly. (0.1 points)
- Edward bought a $10,000, 5.25% coupon bond at 9,400. The bond matures in 5 years and interest is paid semi-annually. Three years later, the market rate has dropped and Edward can sell his bond for $10,200. What will his realized yield be if he decides to sell? (0.1 points)
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