A bend has a face value of $1000 and five years to maturity. This bond has a coupon rate of 13 percent and is selling in the market today for $902. Coupon payments are made annually on this bond. What is the yield to maturity (YTM) for this bond? A) 13% B) 12.75% C) 16% D) 11.45% E) Cannot be calculated from the information given Answer: C A treasury bill currently sells for $9, 845, has a face value of $10,000 and has 46 days to maturity. What is the bank discount rate on this security? A) 12.49% B) 12.13% C) 12.30% D) 2% E) None of the above Answer: B