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9. Interest payments on a certain bond are $500 every three months. If the bond interest rate is 10% per year compounded quarterly, the bond face value is:

A) $5,000

B) $10,000

C) $15,000

D) $20,000

10. A 6%, $10,000 bond has interest payable annually. The bond will mature 10 years from now. At what market interest rate will the present worth of the bond be $10,000?

A) At an interest rate less than 6% per year

B) 6% per year

C) 6% per year compounded semiannually

D) At an interest rate greater than 7% per year

11. A 6%, $10,000 bond has interest payable annually. The bond will mature 10 years from now. At what market interest rate will the present worth of the bond be $10,000?

A) At an interest rate less than 6% per year

B) 6% per year

C) 6% per year compounded semiannually

D) At an interest rate greater than 7% per year