1 haswell enterprises bonds have a 10-year maturity a 625, Ask an Expert

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1. Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 8.5%, based on semiannual compounding. What is the bond's price? Select the correct answer.

a. $842.86 b. $854.23 c. $846.65 d. $858.02 e. $850.44

2. A bank has agreed to lend you $53,000 for a home loan. The loan will be fully amortized over 39 years at 13.50%, with .44 points. The loan payments will be monthly. The closing cost is estimated to be $3,894 and you plan to refinance the mortgage in 8 years.

Calculate the book value at the end of the 8th year.

$57,222.99

$56,749.94

$56,613.10

$56,556.08

None of the answers are correct

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92765659

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