What is the price of a bond with a $1000 face value, an 8.2%coupon rate, semiannual coupons, and five years to maturity if ithas a yield to maturity of 12%? A)860.16 B)912.20 C) 950.85 D) 1000 . . .
Mary Ott is going to borrow $13,200 for 90 days and pay $172interest. What is the effective rate of interest if the loan is discounted? (Use a 360-day year. Do not round intermediatecalculations. Input your answer as a percent rounded to 2 decimalplaces.) . . .