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Student Name (Please Print) A bond matures in 20 years at which time it pays the owner $1.000. It also pays $70 at the end of each of the next 20 years. If similar bonds are currently yielding 7%, what is the market value of the bond? A. over $1,000 B. under $1,000 C. exactly $1,000 D. cannot be determined from the information given 10) An investment is expected to yield $300 in three years, $500 in five years, and $300 in seven years. What is the present value of this investment if our opportunity rate is 5%? A. $735 B. $864 C $885 D. $900 11) D'Anthony borrowed $50,000 today that he must repay in 15 annual end-of-year installments of $5,000. What annual interest rate is D'Anthony paying on his loan? A. 2.222% B. 3.333% C. 5.556% D. 33.33% 12) At what rate must $287.50 be compounded annually for it to grow to $650.01 in 14 years? A. 6 percent B. 5 percent C. 7 percent D. 8 percent 13) Paul company's outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual (not semiannual yield to maturity) is 10.25%, they pay interest semiannually, and they sell at a price of $875. What is the bond's nominal coupon interest rate? A. 7.37% B. 8.76% c796% D. 8.85% Page 3 of 12