The nominal annual interest rate compounded semi-annually is 6.00%. What is the equivalent nominal annual interest rate compounded monthly?

A: 6.04487%

B: 6.10414%

C: 5.92635%

D: 5.63003%

E: 5.80782%

Kim owns a bond with a coupon rate of 4.00% and a face value of $70000.

If the current interest rate is 9.00% compounded annually and the price of the bond is $58860.69, how many years until the bond matures?

A: 3.5

B: 2.0

C: 3.0

D: 2.5

E: 4.0

On January 7, 2026, Tina deposits $2700.00 in a savings account earning 5.40% simple interest.

How much money is in her account on June 21, 2026 assuming we are using an ACT/365 daycount convention?

A: $2627.61

B: $2682.93

C: $2655.27

D: $2765.91

E: $2738.25

Cara pays $1380.83 for a 6 year bond with a 5.00% coupon rate. The current interest rate is 3.80% compounded monthly. What is the face value of the bond?

A: $1200.00

B: $1500.00

C: $1600.00

D: $1300.00

E: $1400.00