Question $32(1$ point$)$

What are the monthly lease payments for a LandRover? The price of the car is

$$66700.$ The buyout is $$35199,$ the lease term is $36$ months and the lease rate is

$7\mathrm{.}5\%($APR$).$ Enter your answer to two decimal places.

Your Answer:

Answer

Question $33(1$ point$)$

Consider a $8-$year corporate bond issued by Vandalay Industries. The bond has a face

value of $$1,000,$ and has an annual coupon rate of $7\mathrm{.}98\%.$ The yield to maturity of

the bond is $4\mathrm{.}04\%.$ What is the fair price for the bond today?

Enter your answer rounded to $2$ decimal places.

Your Answer: