29- ABC Inc. just issued 12-year, 9% coupon bonds at par. Assume market interest rates rise by seven percentage points. By what percentage will the price of ABC's bond change? A) -38.83% B) -36.38% C) -23.79% D) -21.83% E) -19.72% 30- Which of the following comparison statements is (are) true? I. An annuity has equal payments, a perpetuity does not. II. Both an annuity and a perpetuity have equal payments. III. An annuity covers a longer period of time than a perpetuity IV. An annuity has a constant rate of return, a perpetuity does itat. A) I only B) II only C) I and III only D) II and IV only E) I and IV only 31-(2 points) You have $25,000 to invest. The First National Bank offers one-year certificates of deposit with a stated rate of 5.50% compounded quarterly. What rate compounded monthly would provide you with the same amount of money at the end of one year? A) 5.475% B) 5.498% C) 5.501% D) 5.520% E) 5.536% 32- Which one of the following is an example of an intangible asset? A) Accounts receivable B) Inventory C) Accounts payable D) Furniture Patent