1. Assume a bond has been owned by four different investors during its 20-year history. Which one of the following is most likely to have been different for each of these owners? Multiple Choice Coupon rate Coupon frequency Par value Yield to maturity.
2. What is the new payment on a 25-year, monthly payment, adjustable-rate mortgage after five years if the interest rate changes from 9.75% to 8.75%? The original amount of the loan was $125,000, the original term was for 25 years, and there are 20 years left on the mortgage. Round your answer.