18. What is the Present value of USD 15.000 that you will receive end of year 3 if the interest rate is 8% compounded semi-annually?* a) $11,500 b) $12,652 c) $11,855 d) $12,323 19. Khonaysser Motors issues 10-year bond. Suppose you have the following info: Real risk-free rate = 3%, Inflation rate = 5%/year for each of next five years, 4% thereafter, MRP = 0.1*(t - 1) % where t is the security's maturity. LP = 0.55% and DRP=0.8%What is the yield on this bond? a) 9.75% b) 9.25% c) 9.00% d) 8.5%