21.

Alphabet Inc. has a 7 percent coupon bond outstanding that matures in 13.5 years. The bond makes semiannual coupon payments. What is the market price if the face value is $1,000 and the yield to maturity is 14.78%?

Question 21 options:

	$255.27
	$954. 92
	$580.42
	$550.40

22.

Today you won a small sweepstakes prize. Your winnings will be split into 12 monthly payments of $2,000 and the first payment is one month from today. If the annual rate of return you can get at your bank is 3%, what is the present value of your winnings?

Question 22 options:

	$38,968.98
	$23,673.54
	$29,507.03
	$20,505.25
	$23,614.51