What is the effective rate on a credit card that has a, Financial Management

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What is the effective rate on a credit card that has a

1. What is the effective rate on a credit card that has a nominal interest rate of 17.99% compounded DAILY (365 days per year)?

2. What is the yield to maturity for a bond with a price of $975.16 if it pays a semi-annual coupon payment in the amount of $26.875 and matures in exactly 11 years?

3. What is the effective rate on a mortgage loan assuming the following:

-The nominal rate is 4.75%

-The loan is paid monthly

-The loan term is 10 years

-The fees are 2.5% and they reduce the actual proceeds you receive.

-Choose any arbitrary loan amount - the answer isn't dependent on the loan size.

ENTER YOUR ANSWER AS A DECIMAL WITH 4 DECIMAL PLACES. For instance - if your answer is 8.99%, you should enter 0.0899.

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