5.To fund a project, a company will issue 9-year zero coupon bonds with a face value of $1,000. Assuming annual coupons to be the norm, what will be the price of these bonds if the appropriate yield is 9.1 percent p.a.? (Round to the nearest dollar; do not use $ sign or commas)

8.Jack invested in a government bond that promised an annual yield to maturity of 5.8 percent. The bond pays coupons twice a year. What is the effective annual yield (EAY) on this investment? (answer as a percentage rounded to two decimal places without % sign. eg 2.889% is 2.89)

Answer: