14. Your father has just invested in a discount bond that offers an annual coupon rate of 9%, with interest paid annually. The face value of the bond is $1,000 and the difference between its yield to maturity and coupon rate is 4%. The bond matures in 8 years. What is the bond's price? * a. $808.05 b. $990.50 c. $750 d. $550 e. None of the above 15. Find the present value of an ordinary annuity with payments of $500 a year for 5 years, if interest rates are 8% compounded semiannually. * O a) $1996.36 O b) $1701.46 c) $2993.30 d) $1656.06 e) None of the above 16. Janice has $5,000 invested in a bank that pays 8.3% annually. How long will it take for her funds to triple? * a. 23.99 b. 25.26 c. 26.58 d. 29.46 e. None of the above 17. Suppose you held a diversified portfolio consisting of 10 different common stocks, investing $500 in each stock. The portfolio's beta is 1.9. Now suppose you decided to sell one of the stocks in your portfolio with a beta of 0.8 for $500 and use the proceeds to buy another stock with a beta of 1.25. What would your portfolio's new beta be? * a) 1.074 b) 2.025 O c) 3.865 d) 4.2 e) None of the above