please show work preferably on a financial calculator

1. A reset mortgage allows for one interest rate reset during the life of the loan. The mortgage rate will be reset after 6 years, to fully amortize at the end of the original 30 year period (i.e. after 24 more years). For a 6.625%, $100,000, mortgage, please compute the reset payment if the new rate resets to 7.375%. (Hint: calculate how much balance is left after you pay for 6 years at the rate of 6.625%, then use the left balance as the new PV, pay it off for the rest of the 24 years @ the rate of 7.375%). Assuming monthly compounding.

First six years: 1-INPUT, 72-AMORT.

a. 450.76

b. 489.11

c. 652.37

d. 683.93

Use the following information for Question 7, 8, and 9.

The HUANG Company currently has one bond issue outstanding. This bond pays a coupon rate of 8% ($80 per year) and matures in six years, and has a par value of $1,000. If you require a 20% rate of return,

2. How much would you be willing to pay for each of HUANG Company's bonds? (Assuming this is an annual bond).

a. 600.94

b. 618.22

c. 634.19

3. What is the current yield (not yield) of this bond in the first year?

a. 13.088%

2. 13.174%
3. 13.313%
4. 13.667%

4. What is the capital gain yield of this bond in the first year?

a. 6.5148%

b. 6.6875%

c. 6.7729%