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.

loan term is 5 years

Fill out the first year of the amortization schedule for this loan:

Year	Begin Balance	Total Payment	Interest Paid	Principal Paid	End Balance
1