1. What annual compound interest rate is required for a $10946 investment to grow into $39087 in 14 years if interest is compounded monthly?
2. Six years ago Atlanta Regional Polo Club issued 20 year semi-annual coupon bonds at a coupon rate of 6.80 percent. If the YTM is 5.9% on these bonds what is the current bond price?
3. If the Treasury department issues 5 year zero discount notes, what would you be willing to pay today to reserve the note if your investment opportunity cost is 3.5%?