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Stephen Curry just took a 30-year $416,979.04 mortgage with $2,500 monthly payments and APR=6% (compounded monthly). What will be his balance 20 years from now
Stephen Curry just took a 30-year $416,979.04 mortgage with $2,500 monthly payments and APR=6% (compounded monthly). What will be his balance 20 years from now (right after you'll pay your 240th payment?
Question 1 options:
| $196,318 |
| $138,993 |
| $225,184 |
| $208,490 |
What can you say about a bond with YTM>YTC
Question 2 options:
| Most likely, it is underpriced. |
| Most likely, it will be called. |
| Most likely, it is overpriced. |
| Most likely, it will not be called. |
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