number 2

Suppose you borrow $180.000 to buy a house using a 30 year loan with an annual interest rate of 6v and monthiy payments. in the third month, how much of your payment would be going to interest? Question 2 Genus Corp, has outstanding convertible bonds. Each bond can be converted into 20 shares of Genus common stock which is currently selling for $52.90 a share. Genus has otherwise identical non-convertible bonds that have 5 years remaining to maturity. $1000 par value, and a 4% annual coupon rate. These bonds are priced to yield 4%. What is the minimum price of a single Genus onvertible bond