answer both please!! #3 The market price of a semi-annual pay...
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answer both please!! #3 The market price of a semi-annual pay bond is $986.35. It has 17.00 years to maturity and a yield to maturity of 7.19%. What is the coupon rate? Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09)) #4 Derek borrows $271,942.00 to buy a house. He has a 30-year mortgage with a rate of 4.10%. After making 93.00 payments, how much does he owe on the mortgage? format: currency: round to 2 decimal places
#3
The market price of a semi-annual pay bond is $986.35. It has 17.00 years to maturity and a yield to maturity of 7.19%. What is the coupon rate?
Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))
#4
Derek borrows $271,942.00 to buy a house. He has a 30-year mortgage with a rate of 4.10%. After making 93.00 payments, how much does he owe on the mortgage?
format: currency: round to 2 decimal places
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