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The market price of a semi-annual pay bond is $986.70. It has 29.00 years to maturity and a yield to maturity of 7.23%. What is

The market price of a semi-annual pay bond is $986.70. It has 29.00 years to maturity and a yield to maturity of 7.23%. What is the coupon rate?

Derek borrows $316,196.00 to buy a house. He has a 30-year mortgage with a rate of 5.57%. After making 85.00 payments, how much does he owe on the mortgage?

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