1. Ashes Divide Corporation has bonds on the market with 16 years to maturity, a YTM of 6.4 percent, and a current price of $1,326.50. The bonds make semiannual payments. What must the coupon rate be on these bonds? (Do not round your intermediate calculations.)
2. What factors will lead to Actual data results are lower than budget data results? try to discussion. (At least 200 words).
3. What annual interest rate would you need to earn if you wanted a $1,000 per month contribution to grow to $77,500 in six years?