1 a homeowner takes out a 277000 20-year fixed-rate, Ask an Expert

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1. A homeowner takes out a $277,000, 20-year fixed-rate mortgage at a rate of 5.90 percent. What are the monthly mortgage payments?

2. A bond sells for $500 and it pays $100 per annum til its maturity 28 years from now. The fiem, however, may call it back after 3 years at $1300. Derire its ytm and its call rate. Are they resonable? Why or why not? Which of the two does an investor make?

3. A homeowner takes a 30-year fixed-rate mortgage for $170,000 at 7.3 percent. After seven years, the homeowner sells the house and pays off the remaining principal. How much is the principal payment?

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Financial Management, Finance

Category:- Financial Management
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