How much will you have to deposit today

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Reference no: EM132020210

1. You need $91,000 in 11 years. If you can earn .58 percent per month, how much will you have to deposit today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Deposit today $

2. A bond with a face value of $1 000 has a current yield of 7.8% and a coupon rate of 9.8%.

If interest is paid annually, what is the bond's price? Is the bond's yield to maturity more or less than 9.8%?

Reference no: EM132020210

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