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please only answer second and last question While on spring break in Margaritaville last year, you bought cocktails for everyone. When you woke up, the
please only answer second and last question
While on spring break in Margaritaville last year, you bought cocktails for everyone. When you woke up, the bartender brought you a bill for $2,000.00. You put the bill on your credit card that charges a 15% interest rate. If you make the minimum payment of $30 per month, how long will it take you to pay it off? Select one: a. 10 years to 15 years b. More than 20 years C. Less than 5 years d. 5 years to 10 years e. 15 years to 20 years Consider a 10-year bond with a coupon rate of 6 percent. If a bond with similar risk has a yield to maturity of 8 percent, estimate the bond's fair market value. Select one: a. More than $1,100 b. $1,000-$1,100 c. $900-$1,000 d. Less than $900 A 5-year corporate bond has a coupon rate of 10 percent. If its price now is $900, what is its yield to maturity? Select one: a. Less than 8 percent b. More than 12 percent c. 10 percent to 12 percent d. 8 percent to 10 percent Step by Step Solution
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