Question: Q4 7.What is the price of a 11-year bond paying an annual coupon rate of 9.8%, but paying it semiannually , per face (par) value

Q4

7.What is the price of a 11-year bond paying an annual coupon rate of 9.8%, but paying it semiannually, per face (par) value of $1,000 if the annual market rates for these bonds are 12.1%? Answer to the nearest cent, xxx.xx and enter without the dollar sign.

8.You put aside $100,000 in year t = 0, and let it grow at 5% interest for 5 years. Exactly one year after that you start to withdraw your money for 3 years in equal amounts until it is exhausted. How much can you withdraw per year? Answer to the nearest cent, xxx.xx and enter without a dollar sign.

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