17.

Face value = $600,000

Days to maturity = 120

Yield = 4.3% = 0.043

We have formula for yield = ((F – P)/P )* 365/n 

Here P= Purchase price

0.043 = ((600000 – P) /P) *365/120

0.014137P= 600000 -P

P= 591636

2)

Yield = 5.14% = 0.0514

Face value = 600000

days to maturity = 120-53= 67

0.0514 = ((600000 – P)/P) *365/67

P= $594391.9

3)

Rate of return

Return price = 594391.9

Purchase price = 591636

Rate of return = ((594391.9 -591636)/591636) *100 = 0.46581005888

= 0.47%
18.

Payments of 2000 due 4 months

Present value = P+(PTR/100)

= 2000+((2000)(4/12)(8))/100

=2053.3333

Payment of 6000 due 10 months

P+(PTR/100) = 6000

P+((P)(10/12)(8))/100 =6000

P=5625.0000

Total principal = 2053.3333+5625.0000 = 7678.3333

Equivalent 6 months from now

F= 7678.3333+((7678.3333)(6/12)(8))/100

F = 7985.466632 = 7985.47

19. A =P(1+r/n)nt

P= 8400

r = 3.50% = 0.0350

n= 4

t= 15/12

A= 8400(1+0.0350/4)4*5/4

A= 8773.98777006

New rates

P =8773.98777006

r = 3.50% =0.0350

n=2

t= 1

A = 8773.98777006 (1+0.0350/2)2*1

A= 9083.76437577 = 9083.76
20. P=A [1/(1+i)4 + 1/(1+i)6 +1/(1+i)11]

17000 = A [1/(1+0.0265)4 + 1/(1+0.0265)6 +1/(1+0.0265)11]

17000 = A [1/(1.0265)4 + 1/(1.0265)6 +1/(1.0265)11]

17000 = A(2.50541412774)

A = 17000/2.50541412774

A= 6785.30539593 = 6785.31