4. Theo just won a prize that will pay him $12,000 a year for 11 years, starting at the beginning of Year 10 . What is the closest to the current value of this prize if the discount rate is 9 percent, compounded annually? A. $37,599.59 B. $40,550.32 Page 1 C. $34,433.21 D. $86,232.91 E. $40,983.55 Bond Valuation 5. The Rose Shoppe offers 16-year, 4 percent coupon bonds with semiannual payments and a yield to maturity of 8.04 percent. What is the closest to the market price of a $1,000 face value bond? A. $1,031.98 B. $997.66 C. $1,521.75 D. $914.37 E. $639.87