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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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