1. Suppose you have accumulated $21,000 in credit card debt. If the interest rate on the credit card is 24.2% APR compounded monthly, how many years will it take you to pay off this debt if you pay $500 per month? (Answer to the nearest tenth of a year)
2. A 7.2% coupon bearing bond pays interest semi-annually and has a maturity of 4 years. If the annual yield to maturity is 5.9%, what is the current price of this bond? (Answer to the nearest penny.)
3. What does stock value really means to a company? What will be happened if the stock value went down for 70% one day but there wasn't any bad news (for example, fake news)? Will the company do anything for that?