How much total interest will you receive from bond

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1. Aberdasher Inc. is issuing a $2000 par value bond with a coupon rate of 6.0% and a term of 16 years. If you buy the bond for $2171 and interest is paid monthly, how much total interest will you receive from this bond?

2. Three years ago, you made a $5653 investment in a mutual fund. Today it is worth $6177. If your rate of return during the third year was 6.6% and your rate of return during the first year was 6.2%, calculate your rate of return during the second year.

3. The total asset value of the Morningstar Mutual Fund is $3193396 and there are a total of 849749 shares. If the fund charges a 5% load and if I invest $8476, how many shares will I own?

Reference no: EM131328241

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