1. What is the effective annual rate for a stated APR of 12.3 percent with weekly compounding?
2. You can earn 16% compounded semiannually and you need to have $100,000 in 20 years. How much must you deposit next year to reach goal?
3. The price of the bond is $1,130.35. The bonds make annual payments, has a YTM of 5.6% and it matures in 5 years. Calculate the coupon rate.