2. Mike has just invested in a premium bond that offers an annual coupon rate of 12%, with interest paid annually. The face value of the bond is $1,000 and the difference between the bond's yield to maturity and coupon rate is 3%. The bond matures in 8 years. What is the bond's price? O A) $1,166 O B)$1,000 OC)$120 OD)$1,120 O None of the above 12. After graduation, you plan to work for Aspen Industries for 8 years and then start your own business. You expect to save and deposit $5,000 a year for the first 4 years and $10,000 annually for the following 4 years. The first deposit will be made a year from today. In addition, your grandfather just gave you a $32,000 graduation gift which you will deposit immediately. If the account earns 8% compounded annually, how much will you have when you start your business 8 years from now? O A) $47,000 O B) $42,000 ws O C) $15,000 O D) 134,943 None of the above