Today, you are borrowing $7, 800 to purchase a car. What will be your monthly payment if the loan, is for four years at 6.45 percent interest? A. $208.40 B. $221.50 C. $184.80 D. $180.24 E. $200.10 What condition must exist if a bond's coupon rate is equal to the bond's yield to maturity? Assume the market of interest for this bond is positive. A. The clean price of the bond must equal bond's dirty price. B. The par value must exceed the market price. C. The market price must exceed the par value. D. The bond must be priced at par. E. There is no condition under which this can occur. What is the price of a $1,000 face value bond if the quoted price is 103.1? A. $102.10 B. $1,002.10 C, $1, 020.01 D. $1, 020.10 E. $1, 031.00 A bond has a $l,000 face value, a market price of $1, 045, and pays semiannual payments of $42.25 each. What is the coupon rate? A. 6.76 percent B. 7.00 percent C. 7.12 percent D. 8.45 percent E. 8.64 percent