12- The ABC Co. has $1,000 face value bond outstanding with a market price of $937.6. The bond pays interest annually, matures in 9 years, and has a yield to maturity of 10.7 percent. What is the current yield?

a. 5.11%

b. 10.22%

c. 7.34%

d. 14.94%

13- What is the net present value of the following cash flows? Assume an interest rate of 3.5%

Year	CF
0	$-11,895
1	$7,722
2	$5,687
3	$5,120

a. $5,492.69

b. $17,387.92

c. $6,247.34

d. $8,235.81

14- The common stock of ABC Industries is valued at $49 a share. The company increases their dividend by 3.1 percent annually and expects their next dividend to be $1.84. What is the required rate of return on this stock?

a. 2.82%

b. 3.61%

c. 4.87%

d. 6.86%

15- A bond is currently selling for $1,087. If the yield to maturity is 10%, the coupon rate will be:

a. less than 10%.

b. equal than 10%.

c. more than 10%.

d. None above

16- Uptown Insurance offers an annuity due with semi-annual payments for 19 years at 4.9 percent interest. The annuity costs $176,239 today. What is the amount of each annuity payment?

a. $7,008.06

b. $5,670.26

c. $8,300.23

d. $4,607.98

17- ABC