Suppose that you are thinking about investing in a 6-year, 10% annual coupon bond issued by the

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Suppose that you are thinking about investing in a 6-year, 10% annual coupon bond issued by the Justin Reid, Corp. (JRC) and the bonds have a required rate of return of 10%. The bonds require JRC to provide audited financial information to borrowers every year. The requirement of providing audited financial information is an example of

a premium bond.
a bond rating.
a protective covenant.
a discount bond.

Andy Reid wants to buy a new home that costs $250,000. He can borrow money from the bank at an interest rate of 6.3% compounded monthly. The mortgage is for 30 years and requires monthly payments. What is Andy's monthly mortgage payment?