1. Toshia Stavrou's grandmother will cut a check worth $10,150.00 every quarter for 12 years how much is this cashflow worth to them today? Assume a discount rate of 7.00%.

(a. $327,782.08) ( b. $80,618.27) ( c. $181,567.78) (d. $753,767.26 )

2. You are eyeing an investment in a corporate bond which has a YTM of 7.00%, and a stated rate of interest of 9.00% with a maturity of 3 years. What is the price of this bond?

(a. $1,052.49) (b. $1,293.07) (c. $934.39) (d. $1,053.29)