Bank Loan Assignment | Homework For You
November 22nd, 2019
Today you obtain from the bank a loan of 12000$ to be repaid with 5 annual installments at the rate i = 13%.
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(1) Determine the installment (F P).
(2) Imagine after 2 years you realize that you need a further 12000$ and you turn to the bank. What will be the new installment to pay? (10 points)Calculate the semiannual yield to maturity of a bond with a price of 104.98$ and face value of 100$. The bond expires in one year and pays coupons for the semester (the first in six months and the second in one year) at an annual rate of 10.80%. Then calculate the annual yield to maturity. (5 points) Get Business Law homework help today