What interest rate are you being charged

Assignment Help Financial Management

Reference no: EM131819118

1. You borrow $240,000; the annual loan payments are $27,605.9 for 30 years. What interest rate are you being charged? Round your answer to two decimal places

2. You purchase a bond with an invoice price of $1,360. The bond has a coupon rate of 5.2 percent, and there are 5 months to the next semiannual coupon date. What is the clean price of the bond?

A) $1,318.33

B) $1,351.43

C) $1,296.67

D) $1,355.67

E) $1,366.67

3. What is NASDAQ?

A. the electronic quotation system used by OTC dealers.

B. the regulatory agency of the over the counter market

C. a north american commodities exchange

D. a regional option exchange

Reference no: EM131819118

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