If $2000 is deposited at the end of each half year in an account that earns 6.4% compounded semiannually, after how many half years will the account contain $130,000? (Round your answer UP to the nearest half year.)
(a) What are the current yield on a three-year bond whose face valueis $1000 with a coupon rate of 6% per year and a price of $900?
(1) 6.00% (2)6.67% (3) 10.00% (4) 10.02% (5) 11.11 %
