Which of the following may be itemized as a personal deduction when paying federal income taxes?
a. the amount of interest paid on a home mortgage
b. the amount of principle paid on a home mortgage
c. the cost of installing a fence around the residence
d. the cost of homeowners insurance
Answer: a. the amount of interest paid on a home mortgage
Business
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What is the yield to maturity of a(n) eight-year, $5000 bond with a 4.4% coupon rate and semiannual coupons if this bond is currently trading for a price of $4723.70?
A) 6.31% B) 5.26% C) 7.36% D) 2.63%
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