GN Supply wants to issue new 10-year, $1,000 face value bonds at par. The company currently has 6.35 percent coupon bonds on the market that sell for $983.20, make semiannual interest payments, and mature in 10 years. What coupon rate should the company set on its new bonds?

6.38 percent

6.37 percent

6.50 percent

6.47 percent

6.58 percent

Jeffries & Sons is borrowing $95,000 for four years at an APR of 7.05 percent. The principal is to be repaid in equal annual payments over the life of the loan with interest paid annually. Payments will be made at the end of each year. What is the total payment due for Year 3 of this loan?

$28,224.90

$27,098.75

$25,424.38

$30,447.50

$28,773.13

JKs is borrowing $132,000 for three years at an APR of 7.6 percent. The loan calls for the principal balance to be reduced by equal amounts over the life of the loan. Interest is to be paid in full each year. The payments are to be made annually at the end of each year. How much will be paid in interest over the life of this loan?

$10,032

$30,096

$12,840

$20,064

$18,667

Your parents spent $7,800 to buy 200 shares of stock in a new company 12 years ago. The stock has appreciated 14.6 percent per year on average. What is the current value of those 200 shares?

$36,408.70

$40,023.03

$39,580.92

$40,515.08

$37,449.92