QUESTION 12 If a bank pays a 3.5% nominal annual rate, with monthly compounding, on...
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QUESTION 12 If a bank pays a 3.5% nominal annual rate, with monthly compounding, on deposits, what effective annual rate does the bank pay? A.2.02% B. 2.53% C. 3.04% OD.3.56% E. 4.07% QUESTION 13 Brown Enterprises' bonds currently sell at a 2.0% premium over par. They have a 5-year maturity, an annual coupon of $50 (paid once a year), and a par value of $1,000. What is their yield to maturity? A. 3.5% B. 3.9% c.4.5% D.5.2% E. 6.2%
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