$9.$What is the YTM of a two$-$year $$1,000$ Treasury bill purchased for $$900?$

a$)5\mathrm{.}5\%$

b$)10\mathrm{.}55\%$

c$)11\mathrm{.}1\%$

d$)12\mathrm{.}5\%$

$10.$ If the interest rate is compounded quarterly at $8\%,$ the effective annual rate would be:

a$)8\mathrm{.}16\%$

b$)8\mathrm{.}24\%$

c$)8\mathrm{.}3\%$

d$)8\mathrm{.}4\%$

$11.$A fixed$-$payment loan of $$1,000$ with annual payments of $$110$ for $10$ years has a yield to

maturity closest to:

a$)10\%$

b$)11\%$

c$)9\%$

d$)8\%$

$13.$The present value of receiving $$10,000$ per year$/$ for three years at a $7\%$ discount rate is closest to:

a$)$ $$25,600$

b$)$ $$26,200$

c$)$ $$27,800$

d$)$ $$28,400$

$15.$ If you deposit $$2,000$ for a year at an interest rate of $5\%$ compounded monthly, your ending balance will be closest to:

a$)$ $$2,102$

b$)$ $$2,104$

c$)$ $$2,110$

d$)$ $$2,120$

$16.$ The bond with the highest yield to maturity is likely to have:

a$)$ The highest price

b$)$ The lowest coupon rate

c$)$ The longest time to maturity

d$)$ The lowest price