34. Annual Coupon Payment + (Par Value - Bond Price)/#Number of Years of Bond/.60(Bond Price) + .40(Par Value = what formula? 35. In the context of taxes, why would an investor in a high tax bracket buy Zero Coupon Bonds? 25. What Time Value of Money formula is used to discount the coupon payments to the present? - 22. If Net Present Value answer results in the analyst looking further into the project based on the numeric variables. Is the Net Present Value positive or negative