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Author Question: What is the current price of a 1,000 par value bond maturing in 12 years with a coupon rate of 14 ... (Read 113 times)

hubes95

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on: Jul 10, 2018
What is the current price of a 1,000 par value bond maturing in 12 years with a coupon rate of 14 percent, paid semiannually, that has a YTM of 13 percent?
 
  A) 604
  B) 1,090
  C) 1,060
  D) 1,073

Question 2

When home prices are falling, we would expect a(n) ________.
 
  A) high mortgage default rates
  B) low mortgage default rates
  C) unchanged mortgage default rates
  D) higher percentage of owner home equity


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kiamars2010

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Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

A


hubes95

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Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

Zebsrer

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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