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I just applied for a credit card from Lowes (hardware stores only things you need, nothing you want.) and the APR is 24.99% with monthly
- I just applied for a credit card from Lowes (hardware stores only things you need, nothing you want.) and the APR is 24.99% with monthly payments (I am not kidding).
- What is the EAR on this credit card?
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- If you have a balance of $7,500 and make minimum payments of $350 a month, how many months until this card is paid off?
- Bond Gold has a coupon rate of 4.3 percent. Bond Griff has a coupon rate of 14.3 percent. Both bonds have eleven years to maturity, make semiannual payments, a par value of $1,000, and have a YTM of 9.6 percent.
- If interest rates suddenly rise by 3 percent, what is the percentage price change of these bonds?
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- Which bond is more sensitive to the interest rate change (has a larger price change for the given interest rate change).
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
