Question: 1. As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 12 years, the coupon rate is 9%

1. As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 12 years, the coupon rate is 9% paid annually, and the market yield (discount rate) is 19%.

What is the bond's Current Yield?

Enter your answer as a percentage, without the '%' sign, and rounded to one decimal. For example, if your answer is 0.031416, which is equivalent to 3.1416%, just enter 3.1

2.0 You get a new credit card from your bank. The document that comes with the card informs you that the interest rate on that card is 13.8% APR. What is the effective annual rate you'll actually be paying? The credit card company uses monthly compounding of interest.

Enter your answer as a percentage, rounded to 2 decimals, and without the percentage sign ('%'). For example, if your answer is 0.23456, then enter 23.46

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