Mean most appropriate for summarizing data set

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1. A bond with annual coupons is selling with an effective yield rate equal to one half its coupon rate. The present value of the coupons is equal to the present value of the redemption amount. If its face amount is equal to its redemption amount of $6000, find its price.

2. When is the mean most apprpriate for summarizing a data set?

3. What are some examples of short term funding instruments for financial institutions?

4. Which of the following is FALSE regarding Debt Coverage Ratio?

a. It is an indication of risk for the lender

b. It is derived from NOI / Mortgage Payment

c. It indicates whether NOI is sufficient to cover mortgage payments

d. It is not of concern to lenders when loan to value ratios are low

Reference no: EM131875955

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