QUESTION 9 A 6 percent coupon bond is priced at $1,150. Coupons are paid semiannually. The bond has a $1,000 face value and a yield to maturity of 3 2 percent. How many years will it be until this bond matures? 9.73 years 11.85 years 5.92 years 14.31 years QUESTION 10 Gummi Inc. is borrowing $300,000 today for 10 years. The loan is an interest-only loan with an APR of 5 percent. Payments are to be made annually. What is the amount of the first payment? o $15,000 o $20,000 $25,579 $18,233 QUESTION 11 4 pe You want to invest an amount of money today and receive back twice that amount in the future. You expect to earn 6 percent interest. Approximately how long must you wait for your investment to double in value? 9.45 years 8.98 years 10.13 years 11.90 years QUESTION 12 You want to retire early so you know you must start saving money. Thus, you have decided to save $6,000 a year, starting now at age 25. You plan to retire as soon as you can accumulate $3,000,000. If you can earn an average of 10 percent on your savings, how old will you be when you retire? 67.77 years 69.15 years 66.25 years 65.13 years