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Please answer both The duration of a soon to be approved loan of $9 million is four years. The 99th percentile increase in risk premium
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The duration of a soon to be approved loan of $9 million is four years. The 99th percentile increase in risk premium for bonds belonging to the same risk category of the loan has been estimated to be 5.5 percent. What is the capital (loan) risk of the loan if the current average level of interest rates for this category of bonds is 10 percent? Round your answer to the nearest two decimal places. On May 31, 2016, the exchange rate of U.S. dollars for Bitcoins was 543.91. Three months later on August 31, 2016, the exchange rate was 580.63. If a Learjet 85 carries a price of $21 million, what is the difference in price a purchaser would pay in Bitcoins if the jet were purchased on August 31 rather than May 31, 2016? Enter your response in the box below and round your answer to the nearest 2 decimal places. For example, if your answer is 1234.5678, then you should enter 1234.57 in the box belowStep by Step Solution
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