11. An investor purchases a bond in 2010 for $1,173 and coupon payments are made semi-annually. The par value is $1,000. The annual coupon rate is 10 percent and the annual yield-to- maturity on the bond is 8 percent. Assuming semi-annual compounding, what is the maturity of the bond in years? O a. 30 years O b. 25 years O c. 20 years O d. 15 years Question 12 3 pts 12. You wish to have $3,000,000 saved in your retirement account by the time you retire and you plan on retiring in 45 years. If you can earn 6 percent per year on your money, how much must you deposit each month, with your first deposit occurring one month from now, for you to have $3,000,000 in 45 years