1. What is the concept of high tuition and high aid as a model for financing higher education as presented by Brian Auguste?
2. Suppose a 12% coupon bond sells at par today; and three years from today, the required rate on the same bond is 8%. What is the coupon rate on the bond today and what will it be 3 years from today? What is the par value today and what will it be three years from today? Post your answer, a detailed explanation, to these questions.
3. Compute the future value in year 9 of a $5,700 deposit in year 1, and another $5,200 deposit at the end of year 5 using an 9 percent interest rate.