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Sadik Inc.’s bonds currently sell for $1,270 and have a par valueof $1,000. They pay a $105 annual coupon and have a 15-yearmaturity, but they can be called in 5 years at $1,100. What istheir yield to call (YTC)?
Malko Enterprises’ bonds currently sell for $1,330. They have a6-year maturity, an annual coupon of $75, and a par value of$1,000. What is their current yield?
Adams Enterprises’ bonds currently sell for $880. They have a15-year maturity, an annual coupon of $85, and a par value of$1,000. What is their yield to maturity?
Suppose you are buying your first condo for $260,000, and you willmake a $15,000 down payment. You have arranged to finance theremainder with a 30-year, monthly payment, amortized mortgage at a6.5% nominal interest rate, with the first payment due in onemonth. What will your monthly payments be?
Suppose you just won the state lottery, and you have a choicebetween receiving $2,900,000 today or a 20-year annuity of$250,000, with the first payment coming one year from today. Whatrate of return is built into the annuity? Disregard taxes.
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