Business Finance Homework Help

2 credit cards both state an APR of 10%. 
FNB’s card charges 0.8333% compounded monthly.  FUB’s card charges 5%
compounded semiannually (twice a year). 
Given these APR’s, what are the effective annual rates charged by
these two credit cards?

1. Lycan Inc. has 7.5% coupon bonds on the market that
   have 18 years left to maturity and a face value of $1,000.  The bonds make annual payments.  If the yield to maturity on these bonds
   is 4.25%, what is the current bond price?