1. Name 6 terms or clauses that every contract for the purchase of real estate MUST contain and explain why every term is necessary and why its omission will deem an otherwise valid contract fatal.
2. A treasury bond is quoted at a price of 104.8640. What is the market price of this bond if the face value is $5000?
3. A 3-year default bond has a current market value of$3,649.12 and pays $600 at the end of year-1; $1,200 at the end of year-2. The market interest rate is 6%. What is the contractual payment to be received at the end of year 3? show formula please