hi i would like to get help with tese questions

1.You plan to purchase a house for 120.000 TL using a 30 year loan. The loan rate offerred is 8%. You will make monthly payments. What is the monthly payment amount?

a) 780,52 TL

b) 880,52 TL

c) 980,52 TL

d) 1.080,52 TL

e) Other:

2.A t-bill that is 225 days from maturity is selling for 95.850 TL. The t-bill has a face value of 100.000 TL. What is the effective annual rate? (1 year=360 days)

a) 6,64%

b) 6,96%

c) 7,02%

d) 7,13%

e) Other:

3.Suppose that, a zero-coupon bond with a maturity of 20 years and with a par value of 1.000 TL is sold for an annual market yield of 10%. What would be the duration of the bond?

a) 17

b) 18

c) 19

d) 20

e) Other:

4.A 1.000 TL par value bond with 7 years left to maturity has a 9% coupon rate paid semiannually and is selling for 945,80 TL. What is the yield to maturity?

a) 3,05%

b) 4,05%

c) 5,05%

d) 10,10%

5.Which one of the following statements is false?

a) If the Treasury sold t-bonds more than expected in an auction, bond prices are expected to fall.

b) Settlement of t-bills by Treasury leads to an expectation that t-bond prices would fall.

c) Direct t-bill sale of Central Bank will lead to an expectation of fall in t-bond prices.

d) Foreign exchange sales of Central Bank will lead to an expectation of fall in t-bond prices.

e) Other:

6.An investor wants to value a 5-year bond with a face value equal to 1.000 TL that pays coupons semi-annually. The annual coupon rate and annual market interest rate equal to 8% and 10%, respectively. What would be the discount or premium on the bond?

a) 922,78 TL

b) 1.081,11 TL

c) 77,22 TL

d) 81,11 TL

e) Other:

7.What is the approximate value of zero coupon bond sold at a par value of 1.000 TL, has a maturity of 7 years from now and has a yield rate of 14%?

a) 450 TL

b) 400 TL

c) 500 TL

d) 550 TL

e) Other:

8.You would like to purchase a t-bill that is X days from maturity for 9.765 TL. The t-bill has a face value of 10.000 TL. The discount yield is 6,768%. If 1 year=360 days, what is X?

a) 120

b) 125

c) 130

d) 135

e) Other:

9.Suppose that you invest in a bond that has a maturity of 10 years and a face value of 100.000 TL. The coupon rate is 12% and pays annually. The yield to maturity is 10%. What would be the clean price at the end of year 6?

a) 108.710,52 TL

b) 107.581,57 TL

c) 106.339,73 TL

d) 104.973,70 TL

e) Other:

10.You have just been offerred a bond for 863,73 TL. The coupon rate is 8% payable annually, and interest rates are 10%. You want to know how many more interest payments wou will receive, but the party selling the bond cannot remember. If the par value is 1.000 TL, how many interest payments remain?

a) 12

b) 11

c) 10

d) 9

e) Other: