1) If a bond matures in 9 years with a coupon rate of 5%, a...
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Accounting
1) If a bond matures in 9 years with a coupon rate of 5%, a par $1000 and a yield of maturity of 6%, what will be its current price? Assume annual coupons.
2) What is the current yield of the bond above?
3) What would be the monthly payment on a 15-year loan of 100,000 at 6%?
4) What monthly deposit is necessary to accumulate $25,000 after 10 years if interest is 3%?
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