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Suppose you borrowed $12,000 at a rate of 9.0% and must repay

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Suppose you borrowed $12,000 at a rate of 9.0% and must repay it in four equal installments at the end of each of the next four years. How large would your payments be?

A 15-year bond with a face value of $1,000 currently sells for $850. Which of the following statements is CORRECT?
The bond’s coupon rate exceeds its current yield.
The bond’s current yield exceeds its yield to maturity.
The bond’s yield to maturity is greater than its coupon rate.
The bond’s current yield is equal to its coupon rate.
If the yield to maturity stays constant until the bond matures, the bond’s price will remain at $850.
Submitted: 5 years ago.
Category: Multiple Problems
Expert:  linda_us replied 5 years ago.
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