16. A zero-coupon bond can be purchased for $600 today. After 30 years the bond will pay $1,000. What annual rate of return does the bond promise today? A. 1.17% B. 1.72% C. 1.99% D. 17.77% E. None of the above 17. The value of an asset equals the ... of all future cash flows. A. B. present value market value coupon value None of the above. D. 18. Which of the following is not true about a bond? A bond A. is an IOU B. may be corporate, government, or municipal C. has a par or face value D. may have a conversion feature allowing the holder to convert the bond into the issuer's common stock E. All of the above are true. 19. In an ordinary due, the first payment is made ... A. Now or at the beginning of each period B. At the end of each period C. In the middle of a period n None 1,261 word