What is your monthly mortgage payment

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Reference no: EM131955644

1. You get a bid-ask quote of 1-1.15 USD/CAD, and a bid-ask quote of 86-88 JPY/USD. If you have some CAD, and want to buy some JPY, what is your resulting price for JPY, expressed as CAD/JPY? Enter answer accurate to 5 decimal places.

2. What's the current yield of a 5.60 percent coupon bond quoted at a price of 97.18? (Round your answer to 2 decimal places..)

3. You take out a $250,000 American mortgage with a 30-year amortization period, a 5-year term, and a 4% posted mortgage interest rate. What is your monthly mortgage payment? When the mortgage expires in 5 years, what is the unpaid balance?

Reference no: EM131955644

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