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Question 3 12.6 / 14 points A 9.00 percent, 51,000 bond matures in 15 years, pays Interest semi-annually, and has a yield-to-maturity of 10.00 percent.

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Question 3 12.6 / 14 points A 9.00 percent, 51,000 bond matures in 15 years, pays Interest semi-annually, and has a yield-to-maturity of 10.00 percent. What is the current market price? Please record your answer using the following format (1407.00). Record your answer to two decimal places. Do NOT place a *s* in front of the number, Finally, do not use a comma to separate hundreds from thousands In the box calling for units, there are four (4) possible responses: dollars; percent; ratio; or years. Type into the units' box the appropriate for your answer. Answer: 923.14 dollars Question 6 0 / 15 points Harpo Enterprises, Inc. wants to raise $33 million by issuing 12-year, zero coupon bonds. The market requires an 6.0 percent return on similar bonds. The face value per bond will be $1,000. How many bonds must the firm issue? Ignore all issue and transaction costs. Please record your answer using the following format (89107.00), Record your answer to two decimal places. Finally, do not use a comma to separate hundreds from thousands. Answer: 66,402.48 Question 7 13.5/15 points Last year, you earned 10.00 percent on your investments. During that time period, inflation averaged 5.0 percent. What was your real rate of return based on the Fisher formula? Please record your answer using the following format (12.54). Record your answer to two decimal places. While the answer should be given as a percentage, do NOT place a '%* directly after the number In the box calling for units, there are four (4) possible responses dollars percent; ratio; or years. Type into the units' box the appropriate for your answer, Answer: 4.76 percent

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