problem1: At 8% compounded annually, how long will it take 750 dollar to double?
[A] 12 years
[B] 9 years
[C] 6.5 years
[D] 48 months
problem2: A $1,000 par value bond with a 12 percent coupon rate currently selling for $825 has a current yield of?
[A] 7.27%
[B] 5.61%
[C] 14.55%
[D] 12.44%