1. What is the market value of a bond that will pay a total of 40 semi-annual coupons of $50 each over the remainder of its life? Assume the bond has a $1,000 face value and an 8% yield to maturity.
2. 10% compounded monthly is the same as and effective annual rate of 10.47%?
3. What caused you the most discomfort, frustration, or confusion in your writing process? How did you make those feelings of discomfort, frustration, or confusion work for you, and how you feel you overcame them in the writing process?