Use the following formulas for this exam. (This is not a real question - I'm just using this space for formulas) - 22 dal price True o False Question 2 The following Wellesley bond is listed in a recent Issue of The Wall Street Journal Cur Close Yld Wellesley 12 ? 110.75 31 This $1,000 par value bond has 11 years to maturity and makes semi-annual coupon interest payments. What is the bond's current yield? 10.6% 9.6% 13.0% 09.0% o 10.8% Question 3 Your newly retired parents will be able to withdraw $145,000 per year for each of the next 25 years. Each withdrawal will be made at the beginning of the year. How much money do your parents have in their account now learning 5.5% annually to be able to fin this retirement? $1,616,307 $1.945,020 $1,737.530 $2,051.996 $3,346,337 Question 4 Suppose you plan to invest $400 at the end of each month for the next 5 years, and $600 at the end of each month during the following 5 years (years 6 through 10). If you earn 9% on your investments, how much will you have at the end of the tenth year? 0 $79,518 $102.703 $75,424 $92,491 $97,425 Use the following formulas for this exam. (This is not a real question - I'm just using this space for formulas) - 22 dal price True o False Question 2 The following Wellesley bond is listed in a recent Issue of The Wall Street Journal Cur Close Yld Wellesley 12 ? 110.75 31 This $1,000 par value bond has 11 years to maturity and makes semi-annual coupon interest payments. What is the bond's current yield? 10.6% 9.6% 13.0% 09.0% o 10.8% Question 3 Your newly retired parents will be able to withdraw $145,000 per year for each of the next 25 years. Each withdrawal will be made at the beginning of the year. How much money do your parents have in their account now learning 5.5% annually to be able to fin this retirement? $1,616,307 $1.945,020 $1,737.530 $2,051.996 $3,346,337 Question 4 Suppose you plan to invest $400 at the end of each month for the next 5 years, and $600 at the end of each month during the following 5 years (years 6 through 10). If you earn 9% on your investments, how much will you have at the end of the tenth year? 0 $79,518 $102.703 $75,424 $92,491 $97,425