22. 10% annual coupon.20 year bond.Par is $1000.What is the present value of the Par portion of the total value at the time of issuance?

a. 177 b. 198 c. 231 d. 142

23. 10% annual coupon.20 year bond.Par is $1000.One year into the bonds life (19 years to maturity), the market rates are cut down to 8.5%.What is the value of the bond?

a. 1139 b. 1054 c. 1007 d. 954

24. 6% coupon.25 year bond.Pays semiannually.$1000 par.Price is $1,300.What is the Yield to Maturity?

a. 2.2026% b. 1005 c. 4.075% d. 798