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Create the amortization spreadsheet and answer the following questions for a $350,000 15-year fixed-rate, constant-payment mortgage loan that is partiallyamortizing with a balloon payment of $100,000. The contract interest rate is 4% with monthly payments. Up-front discount points on the loan are 4%, and there is a 1% prepayment penalty.
please post spreadsheet with formulas visible
a) What is the APR (annual percentage rate) on the loan – assuming that there is no early prepayment on the mortgage?
b) What is the EAR (effective annual rate) on the loan if it prepaid at the end of year 7?
c) What is the monthly mortgage payment during month 160?
d) How much cumulative interest is paid during the 14th year of the mortgage?
What is simple interest? What information is needed to compute it? What information is contained in a loan repayment schedule?
You have $12,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 11 percent and Stock Y with an expected return of 8 percent. If your goal is to create a portfolio with an expected return of 9.59 percent, how much ..
As the default correlation between the reference entities increases what would you expect to happen to the value of the swap when (a) n = 1 and (b) n = 25.
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Lakonishok Equipment has an investment opportunity in Europe. The project costs €12 million and is expected to produce cash flows of €1.8 million in Year 1, €2.6 million in Year 2, and €3.5 million in Year 3. The current spot exchange rate is $1.36/€..
Current Yield with Semiannual Payments A bond that matures in 9 years sells for $950. The bond has a face value of $1,000 and a yield to maturity of 9.8764%. The bond pays coupons semiannually. What is the bond's current yield?
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Fooling Company has a 14 percent callable bond outstanding on the market with 25 years to maturity, call protection for the next 10 years, and a call premium of $100. What is the yield to call (YTC) for this bond if the current price is 104 percent o..
A firm has a market value equal to its book value. Currently, the firm has excess cash of $300 and other assets of $6,200. Equity is worth $5,000. The firm has 500 shares of stock outstanding and net income of $720. What will the new earnings per sha..
Calculate the individual costs and wacc. Dillon Labs has asked its financial manager to measure the cost of each specific type of capital as well as the weighted average cost of capital. The weighted average cost is to be measured by using the follow..
When Owens Corning emerged from bankruptcy in 2006, the debt holders became the sole owners of the company. But the old stockholders were not left entirely empty handed. They were given warrants to buy the new common stock at any point in the next se..
Payback period Jordan Enterprises is considering a capital expenditure. Determine the payback period for this project. Should the company accept the project? Why or why not?
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