1. You borrow $240,000; the annual loan payments are $27,605.9 for 30 years. What interest rate are you being charged? Round your answer to two decimal places
2. You purchase a bond with an invoice price of $1,360. The bond has a coupon rate of 5.2 percent, and there are 5 months to the next semiannual coupon date. What is the clean price of the bond?
A) $1,318.33
B) $1,351.43
C) $1,296.67
D) $1,355.67
E) $1,366.67
3. What is NASDAQ?
A. the electronic quotation system used by OTC dealers.
B. the regulatory agency of the over the counter market
C. a north american commodities exchange
D. a regional option exchange