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Question 1 4 out of 8 points Francis is making 12 annual payments on a loan for a house ($400,000 borrowed) which, like most mortgage
Question 1 4 out of 8 points Francis is making 12 annual payments on a loan for a house ($400,000 borrowed) which, like most mortgage loans, is amortized. If the annual interest rate is 5.1%, what part of the first payment (dollar amount to nearest cent) goes toward reducing the principal? Question 7 4 out of 8 points Linners Inc. issues an 12-year bond, with an annual coupon rate of 8.2% when interest rates are 10.3% annually. Calculate the price per $1,000 face value for Linners Inc. bond to the nearest cent. Question 4 O out of 8 points The Sherman Compny issues some bonds with a maturity of 12-years and with an annual coupon rate of 8.1%. but the bond pays coupon payments semi-annually!! The interet rate is 7% per year. Calculate the price per $1,000 face value for this bond ithe the nearest cent
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