QUESTION 7 You need to borrow $433,975 to buy a house today. If the bank...
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QUESTION 7 You need to borrow $433,975 to buy a house today. If the bank offers you 4.94% APR per year, what is your monthly mortgage payment if the mortgage is for 30 years? QUESTION 8 Suppose a vanilla corporate bond pays a 7% coupon. If the bond is at par, what is its market yield? 7% 3.5% greater than 7% greater than 3.5% but less than 7% less than 3.5% O cannot be determined
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