A seller sold a property for $185,000. The buyer assumed the seller's first mortgage of $122,364 and paid the balance in case. How much is the transfer tax?

Under what conditions does delta-gamma-theta approximate the exact bond price change?

What will be an ideal response?

Assuming that Luther's bonds receive a AA rating, the price of the bonds will be closest to ________

Luther Industries needs to raise $25 million to fund a new office complex. The company plans on issuing ten-year bonds with a face value of $1,000 and a coupon rate of 6.0% (annual payments). The following table summarizes the YTM for similar ten-year corporate bonds of various credit ratings: Rating AAA AA A BBB BB YTM 6.63% 6.83% 6.93% 7.33% 7.83% A) $1129 B) $941 C) $1318 D) $753