What is the market price of this bond

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1. What is the payment on a loan for $199,054 with an interest rate of 2.90% if the loan will mature in 27 years? Round to 2 decimal points and do NOT include the dollar sign.

2. Luxury properties offers bond with a coupon rate of 9.5% paid semiannually. The yield to maturity is 11.2% and the maturity date is 11 years from today. What is the market price of this bond if the face value is $1,000?

Solve using excel

3. Assume the average market return over the next 50 years is expected to be 8.9%. If an investor contributes $10 thousand into an investment account today, pays 1.5% of assets under management for various fund and advisor fees, and waits for 50 years, what percentage of his final wealth has he sacrificed in fees?

Enter answer in percents.

Reference no: EM132047965

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