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Question1) You just took out a $24,000 for a new car. You will make $725 payments each month for the next 3 years. What is

Question1)

You just took out a $24,000 for a new car. You will make $725 payments each month for the next 3 years. What is the YTM on this loan?

Question 2)

The 9.5 percent annual coupon bonds of IPO, Inc. are selling for $1,024. The bonds have a face value of $1,000 and mature in 10 years. What is the yield to maturity?

Question 3)

If the bond were to make semiannual payments, but all other features remained the same, what would be the yield to maturity?

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