Circumstance might junk bond seem like reasonable investment

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1. Under what circumstances might a junk bond seem like a reasonable investment?

2. A zero coupon bond that has 10 years until maturity (at which time $1,000 will be returned), if the bond is sold for $352, what is the yeild-to-maturity?

3. To purchase a house, you borrow $210,000 on a 30-year, fixed rate mortgage that carries an APR of 6.99%. Your monthly payments will be $___________.

Reference no: EM131862600

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