1. Your opinion. Is is better to obtain a "whole Life Insurance Policy " as a savings instrument of invest that money is a mutual fund?
2. A 5.75 percent coupon bond with 10 years left to maturity is priced to offer a 6.5 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.0 percent. What is the change in price the bond will experience in dollars?
3. You are looking to buy a car. You can afford $590 in monthly payments for5 years. In addition to the loan you can put a $690 down payment. If interest rates at 9.50% APR what price of car can you afford?