luu pultilase a 2018 coupon bond with 23 years to matunity and a yield to maturity of 5.45 percent. The bond has a par value of $1,000. What is the implicit interest for the first year? Assume semiannual compounding, Multiple Choice $15.40 $14.03 $15.64 $16.04 $15.50 Assume that in January 2017, the average house price in a particular area was $287,200. In January 2002, the average price was $190,300. What was the annual increase in selling price? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual increase in selling price 2.78 %