8) Which one is trading at the greatest discount from par value? Dy Iv B) II 9) Which one is more subject to interest rate risk? c) Ii B) In D) IV A) I 10) How much would an investor lose the first year if she purchased a 30-year zero-coupon bond with S 1,000 par value and a 10% yield to maturity, only to see its YTM rate increase to 12% one year later? _ D) $19.93 A) $23.93 B) $25.66 C) s20.00 11) Which of the following statements about net working capital (NWC) is correet? A) NWC is positive for all firms. B) NWC is negative if current liabilities exceed current assets. C) NWC excludes inventory, which is deemed illiquid. D) As NWC decreases, potential liquidity increases. 12) When a firm's long-term debt-equity ratio is 98, the firm: A) has as much in long-term liabilities as in equity. B) has less long-term debt than equity. C) is nearing insolvency. D) has too much long-term debt in relation to leases