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Exclusive Jewelers is offering a diamond ring for sale for 36 months at $135 per month. The retail price of the ring is $3,900. What

Exclusive Jewelers is offering a diamond ring for sale for 36 months at $135 per month. The retail price of the ring is $3,900. What is the interest rate on this offer?

		13.8%
		14.9%
		15.5%
		16.6%

Whats the value of a 15-year, $1,000 par value, 9% coupon rate bond if the yield to maturity (YTM) is 9%?

		$800
		$950
		$1,000
		$1,100

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