Suppose you want to retire when you reach age 70, at that time you want to have $1,000,000 accumulated in your retirement account. Now your 25 years old, starting today, how much you have to save equally, at the beginning of each year, in order to reach your retirement goal if the account earns 5% annually compounded interest? O 8,262.46 O 5.963.56 O 7,365.47 O 6.261.73 O 3,499.57 A 10-year bond pays an annual coupon, its YTM is 8%, and it currently trades at a discount. Which of the following statements is CORRECT? The bond's coupon rate is equal to 8% The bond's current yield is less than 8%. The bond's current yield is equal to 8% The bond's coupon rate is more than 8% The bond's coupon rate is less than 8%