Student's Name (Print Last, First) Finance, Final Exam B, Fall 2018 Prof. Harvey Poniachek 1.55) You just obtained a loan of $16,700 with monthly payments for four years at 6.35 percent interest, compounded monthly. What is the amount of each payment? A) $387.71 B) $391.40 C) $401.12 D) $419.76 E) $394.89 2.63) Your car dealer is willing to lease you a new car for $190 a month for 36 months. Payments are due on the first day of each month starting with the day you sign the lease contract. If your cost of money is 6.5 percent, what is the current value of the lease? A) $10,331.03 B) $6,232.80 C) $9,197.74 D) $7,203.14 E) $11,008.31 3. 80) You have been purchasing $12,000 worth of stock annually for the past eight years and now have a portfolio valued at $87,881. What is your annual rate of return? A) 4.32 percent B) 2.54 percent C) 3.29 percent D) - 4.32 percent E) - 2.54 percent 4. 83) Oil Wells offers 5.65 percent coupon bonds with semiannual payments and a yield to maturity of 6.94 percent. The bonds mature in seven years. What is the market price per bond if the face value is $1,000? A) $949.70 B) $929.42 C) $936.48 D) $902.60 E) $913.48 5. 107) Today, you want to sell a $1,000 face value zero coupon bond you currently own. The bond matures in 3.5 years. How much will you receive for your bond if the market yield to compounding. maturity is currently 6.19 percent? Ignore any accrued interest. Assume semiannual