1. Your coin collection contains 59 1955 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2043, assuming they appreciate at a 9 percent annual rate?
2. There is a 10%, 13 year note bond which has a ytm of 9%. The ytm alters by half a percent down. By how much does the price alter, If the ytm drops by 3%, by how much does the price change, if the convexity is 40? Use formula to show work
3. Suppose you borrowed $35,000 at a rate of 4.25% and must repay it in 6 equal installments.
What are your annual payments?