13. How much i now s the par value for a 5-year maturity bond that has a price of $1,00o and an annual coupon rate of 9%, if the interest rate is 9%? A) $700 B) $1,050 C) $1,000 D) $1,100 E) None of the above 14. What is the annual coupon payment for a bond (par value of $1,000) with 7 years until maturity, a price of $1,000, and a discount rate of 5%? A) $80 B) $70 C) $60 D) $50 E) None of the above 15. What happens to the price of a three-year bond with an interest rate of 8% when coupon rates change from 6% to 8%? A) A price increase of $53.47 B) A price decrease of $51.54 C) A price decrease of $53.47 D) No change in price E) None of the above Questions 16-26 are based on the following information Stock A has an earnings of $5 per share at year 1 . The interest rate is 20%, and the return on equity is 25%. 16. If there is no plow-back, how much is the amount of the earnings kept in the firm for each share of the stock at year one ? A) $5 B) $3 C) $4 D) $2 E) none of the above 17. If there is no plow-back, what is the earnings per share at year 0 (EPSO)? A) $5 B) S3 C) $4 D) $2 E) none of the above 18. If there is no plow-back, what is the dividend per share at year 2 (DIV2) ? A) $5 B) $4 C) $3