Question: Instruction: Fill in the blanks. Do not use thousand separator, use 2 decimal places only (.e. 1000.00 instead of 1,000) Which among the bonds is

Instruction: Fill in the blanks. Do not use thousand separator, use

Instruction: Fill in the blanks. Do not use thousand separator, use 2 decimal places only (.e. 1000.00 instead of 1,000) Which among the bonds is the cheapest? Option 1 Option 2 Option 3 Option 4 Bond face value 5000.00 5500.00 6000.00 6500.00 Maturing at 110 110 105 105 Yield 6% 6% 6% Compounded Semi-annually Semi-annually Quarterly Quarterly If coupon pays 7.00% 7.00% 7.25% 7.25% PMT 6% FV Purchased on Maturing on Purchase Price 1/1/2015 3/1/2020 11/2015 1/1/2020 1/1/2015 3/1/2020 11/2015 1/1/2020 The cheapest bond is option number

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