Bonds make semiannual payments and currently sell

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1. One More Time Software has 12.0 percent coupon bonds on the market with 15 years to maturity. The bonds make semiannual payments and currently sell for 112.1 percent of par.

2. Ellen Taylor is thinking of buying a home for $121,000. A potential lender advertises an 80%, thirty-year simple interest amortized loan at 10 3 4 % interest, with an APR of 11.57%. Use the APR to approximate the fees included in the finance charge. (Round your answer to the nearest cent.) $

Reference no: EM132036940

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