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$10.$ mimurec remaining

$21$ OI $22$ QUESTIONS REMAINING

Question $13$

You borrow $$10,000$ and repay the loan by making $5$ equal annual payments. The interest rate on the loan is $14\%$ p$.$a$.,$ compounded annually. How much interest will you pay over the life of the loan? Hint: You must first determine the payments. $($Round the final answer to $2$ decimal places. Do not write the $ sign in your response$).$

Question $14$

$2$ Points

The selling price of a bond depends on the relationship between the coupon or bond rate and the bond's yield$-$to$-$maturity $($YTM$).$

If the coupon rate is higher than the YTM$,...$

$($A$)$ the bond sells at a discount.

the bond sells at a premium.

the bond sells at par.

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