9. Which of the following below does NOT describe the concept of Net Present 9) Value. a) NPV=PV (Benefits) PV( Costs) b) NPV describes the value created today from a given opportunity c) NPV describes the total dollars generated during the life of a given opportunity d) NPV takes into account the time value of money 10. Suppose now you purchase a 3-year coupon bond with a yield to maturity 6% that pay semi-annual coupons. The coupon rate is 6% and face value is $100, what is your purchasing price? a) $16.25 b) $100 c) $83.75 d) $116.25