What is the interest rate on this offer

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Reference no: EM131994543

1. A store is offering a diamond ring for sale for 60 months at $100 per month. The retail price of the ring is $5,000. What is the interest rate on this offer?

4.99%

5.92%

7.64%

6.76%

2. What's the value of a 30-year, $1,000 par value, 6% coupon rate bond if the yield to maturity (YTM) is 7%? ______

$800

$950

$875.9

$1,100

3. What's the value of a 30-year, $1,000 par value, 6% coupon rate bond if the yield to maturity (YTM) increases to 8%? ______

$774.8

$834.2

$923.1

$1,000

Reference no: EM131994543

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