11. A 25-year, $1,000 par value bond has a 5.5% annual payment coupon. The bond currently sells for $955. If the yield to maturity remains at its current rate, what will the price be 5 years from now?

a) $889.66 b) $916.86 c) $930.11 d) $959.71 e) $977.20

12. Which of the following five-year investments has the highest effective annual rate. Explain/show how and why.

a) An 8% coupon annual pay bond selling at 970

b) An 8% coupon semi-annunal pay bond selling at par

c) A zero coupon bond with $1000 par value selling at $665

d) They all have the same EAR

CAN YOU PLEASE SHOW ALL THE WORK(for all of them) SO I CAN LEARN HOW TO DO IT FOR FUTURE PROBLEMS