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Suppose that you are to make annual deposit of $3,000 into a retirement account that pays 8% interes compounded monthly. How large will your account
Suppose that you are to make annual deposit of $3,000 into a retirement account that pays 8% interes compounded monthly. How large will your account balance be in 15 years. (10 Points) CSM Corporation has a bond issue outstanding at the end of 2006. The bond has 10 years remaining to maturity and carries a coupon interest rate of 10%. Interest on the bond is compounded on a semiannual basis. The par value of the CSM bond is $1,000 and it is currently selling for $885.3. Find the Yield to Maturity? (10 Points)
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