Question
Suppose there is a 15 year bond with at 5.5% coupon rate, paying coupons semi-annually, and a face value equal to $1000. Suppose the yield
Suppose there is a 15 year bond with at 5.5% coupon rate, paying coupons semi-annually, and a face value equal to $1000. Suppose the yield to maturity is 6.5%, and the bond is currently selling at $1050. Should you buy the bond? Explain.
Suppose you have obtained a $15,000 loan at an APR of 16%, with annual payments.
Fill out the first year of the amortization schedule for this loan:
| Year | Begin Balance | Total Payment | Interest Paid | Principal Paid | End Balance |
| 1 |
|
|
|
|
|
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Public Finance In A Changing World
Authors: Peter Birch Sorensen
1998th Edition
0333682211, 978-0333682210
