12. If Robert, pays $1500 for a 17.1% bond paying coupons compounding annually, which has a Par value of $1000, and a term of 12 years, what will be the yield-to-maturity?

a. 9.89

b. -33.44

c. -3.33

d. 9.82

16.

What should Michael, pay for a 9.7% bond paying coupons annually, that has a face value of $7500, a term of 3 years, and a yield-to-maturity of 3.2% ?

Select one:

a. 8873.66

b. 2065.31

c. 1024.96

d. 8883.97

19. What should Henrietta, pay for a 16.5% bond paying coupons semi-annually, that has a face value of $7000, a term of 6 years, and a yield-to-maturity of 3.3% ?

Select one:

a. 11992.50

b. 6240.62

c. 3097.56

d. 11956.09