value: 10.00 points You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You can have $77,000 per year for the next two years, or you can have $66,000 per year for the next two years, along with a $22,000 signing bonus today. The bonus is paid immediately, and the salary is paid in equal amounts at the end of each month. If the interest rate is 8 percent compounded monthly, what is the PV for both the options? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Option 1 Option 2 PV $ $ 2020 McGraw-Hill Educa 4. value: 10.00 points Sqeekers Co. issued 12-year bonds a year ago at a coupon rate of 7.2 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 5.5 percent, what is the current bond price? (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.) Current bond price 1,138.92 2020 McGraw-Hi Education 16. value: 10.00 points A local finance company quotes an interest rate of 16 percent on one-year loans. So, if you borrow $30,000 the interest for the year will be $4,800. Because you must repay a total of $34,800 in one year, the finance company requires you to pay $34,800 / 12, or $2,900.00, per month over the next 12 months. What interest rate would legally have to be quoted? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, .g., 32.16.) Annual percentage rate % What is the effective annual rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, ... 32.16.) Effective annual rate 96 2020 MCG 00 0 MacBook Pro 18. Value 10.00 points You want to be a millionaire when you retire in 40 years. How much do you have to save each month if you can eam an annual return of 11 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Savings per month $ How much do you have to save each month if you wait 15 years before you begin your deposits ? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Savings per month $ How much do you have to save each month if you wait 25 years before you begin your deposits? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Savings per month 2020 al Education Aserved 23 G MacBook Pro 20. value: 10.00 points You have just won the lottery and will receive $1,000,000 in one year. You will receive payments for 30 years and the payments will increase by 3.9 percent per year. If the appropriate discount rate is 7.9 percent, what is the present value of your winnings? (Do not round intermediate calculations and round your answer to 2 decimal places, 6.9., 32.16.) Present value -2020 McGraw-Hi Education. All rights 23 6 GW MacBook Pro 23. value: 10.00 points Which one of the following relationships applies to a par value bond? Coupon rate = current yield - yield-to-maturity. Coupon rate > yield-to-maturity > current yield. Coupon rate > current yield > yield to maturity. Yield to maturity > current yield > coupon rate. Coupon rate