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You buy an 9.2% coupon, paid annually, 11-year maturity bond for $930. A year later, the bond price is $1,040. Face value of the bond is $1,000.
Problem 1: What is the yield to maturity on the bond today?
Problem 2: What is the yield to maturity on the bond in one year?
Problem 3: What is your rate of return over the year?
What are the maximum garnishment allowed for salary $41,000 paid biweekly, consumer credit $390 assuming her disposable income 80%
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