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q1. What is the price of a 14-year bond paying 9.1% annual coupons with a face (par) value of $1,000 if the market rates for
q1.
What is the price of a 14-year bond paying 9.1% annual coupons with a face (par) value of $1,000 if the market rates for these bonds are 5.5%? Answer to the nearest cent, xxx.xx, and enter without the dollar sign.
q2.
You are borrowing $200,000 for an amortized loan with terms that include annual payments,6 year loan, and interest rate of 7.2 per year. How much of the first year's payment would be applied toward reducing the principal?
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