What is the ending price sell of the bond

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You buy an 8% annual coupon bond that has a 15 year maturity and a required return of 12%. The par value is $1,000. You sell the bond five years later when the required return is 10%. What is the ending price (sell) of the bond?

$847.88

$877.11

$1,000

$239.39

$941.07

$1,047.47

After doing some budgeting, you estimate you'll need to save $25,000 for the first year of graduate school. You plan to save $450 per month in an account that earns 5% compounded monthly. How long will it take you to save the money you need?

3.56 years

50.04 years

3.96 years

46.32 years

4.17 years

3.86 years

Reference no: EM13499915

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