16. Given the following cash flows for a capital project, calculate the NPV and IRR. The requ ired rate of return is 2 Cash Flow 5000 1,500 1,500 1.000 500 NPV A. $508.21 B.$163.25 C. $337.88 IRR 10.9% 12.67% 10.87% 17. A 365-day year bank certificate of deposit has an initial principal amount of $9,500 and a redemption amount due at maturity if $10,000. The number of days between settlement and maturity is 260. The bond equivalent yield is closet to: A. 6.48% B. 5.65% C. 7.36% 9 18. Effective annual rate 3% paid 6-monthly is, in effect, ( 8% paid quarterly is, in effect, ( ) ) 19. A bond has a par value of S 100 and a coupon rate of 5%. Coupon payments are made semi-annually. The periodic interest payment is: A. $2.5, paid twice a year B. $5, paid once a year C. $5 paid twice a year 20. An investor buys a T-billat 80,000 with 60 days (360-day per year) to maturity. The par value of this T-bill is 100,000. The money market yield is closest to: A. 1.4% B. 1.5% C. 1.6%