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You are given $9870 today. In three years, you expect to have $13,500 in your account. Find the interest rate you will need to invest to achieve the desired return. None of these are correct 12.99% 11% 10% 9.75% A bond that matures in 12 years has a par value of $1,000 and an annual coupon payment of $85; its market interest rate is 7.65%. What is its price? Is this bond selling at a par, premium, or discount? $1,076; selling at a premium $1,000; selling at par None of these are correct $1,065; selling at a premium \$965; selling at a discount You have just purchased an outstanding 15 -year bond with a par value of $1,000 for $975.75. Its annual coupon payment is $95. What is the bond's yield to maturity? None of these are correct 9.8% 9.5% 10.25% 9.96%