13. What is the effective annual rate if the APR is 8% and payments are made annually? A. 8% B. 8.1% C. 8.38% D. 8.38% E. None of the above 14. What is the value of the following bond? Par value: $1,000 Coupon rate: 2.5% to be paid semiannually Maturity: 10 years Required rate (YTM): 3% Edit View Go Tools Window Help FIN 381 Test 2A fall 2020.pdf (page 4 of 7) Edited EA wat is the value of the ToTowing bonus 14. Par value: $1,000 Coupon rate: 2.5% to be paid semiannually Maturity: 10 years Required rate (YTM): 3% A. $957.08 B. $4,784.71 C. $4,949.42 D. $5,000,00 E. $5,226.08