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What will your monthly payment be for a house you purchase for $334,000 today where the bank will finance it for you for 24 years
What will your monthly payment be for a house you purchase for $334,000 today where the bank will finance it for you for 24 years (compounded monthly) at 4% (APR)? a. 1867 b. 1713 c. 1865 d. 1740 e. 1806 A new issue of bonds from Chegg offer a 7.65% coupon, payable semiannually. The bonds mature in 12 years and have a $1,000 face value. Currently the bonds sell for $987.42. What is the yield to maturity for these bonds? a. 7.81% b. 12.02% c. 12.68% d. 4.73% e. 6.32% Several years ago the Avanti Corporate Alliance issued a series of $1,000 face value bonds which are currently selling for $1188.05. They currently pay a 9.9% annual coupon rate on these bonds. What is the current yield on these bonds? a. 6.39% b. 12.46% c. 6.24% d. 8.33% e. 10.26%
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