Question

7) What is yield to maturity for a bond paying at 5% annual coupon, 10 years...

7) What is yield to maturity for a bond paying at 5% annual coupon, 10 years until maturity and sells for $900? Assume par =$1000.

a) 5.0%

b) 6.4%

c)8.6%

d)9.9%

8) What will be the monthly payment on the home mortgage of $750,000 at 7% APR interest, to be paid over 20 years.

A) $4994

b) $5391

c) $5815

d) $6789

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