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What is the issue price of the bond

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Question - You have just bought a house for $650,000 and put $100,000 down. The rest of the cost has been obtained from a mortgage. The mortgage has a nominal interest rate of 3%, compounded semi-annually with a 25-year amortization period. The term of the mortgage is 5 years. What is the monthly mortgage payment? How much will you owe in 5 years?

A company issued 10-year, $2.5 million bonds with a coupon rate of 7% and yield of 4%. The bonds pay interest semi-annually. What is the issue price of the bond?

Reference no: EM132840525

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