a. What is the present value of the following set of cash flows, discounted at 9.6% per year? 2 Year CF 1 $11 $20 3 $29 4 $38 5 $47 5 $11 b. What is the present value of the following set of cash flows, discounted at 9.6% per year? Year 1 2 3 4 CF $47 $38 $29 $20 c. Each set contains the same cash flows ($11, $20, $29, $38, $47), so why is the present value different? a. What is the present value of the following set of cash flows, discounted at 9.6% per year? Year 1 2 3 $11 $20 $29 4 $38 5 $47 CF The present value of the cash flow stream is $ (Round to the nearest cent.) b. What is the present value of the following set of cash flows, discounted at 9.6% per year? Year 1 2 3 4 5 CF $47 $38 $29 $20 $11 The present value of the cash flow stream is (Round to the nearest cent.) c. Each set contains the same cash flows ($11, $20, $29, $38, $47), so why is the present value different? (Select the best choice below.) A. The present value in part (a) is lower because the larger cash flows occur sooner. B. The present value in part (b) is lower because the larger cash flows occur sooner. C. The present value in part (b) is higher because the larger cash flows occur sooner. D. The present value in part (a) is higher because the larger cash flows occur sooner. What is the present value of the following set of cash flows, discounted at 15.6% per year? Year CF 1 $110 2 - $110 3 $194 - $194 The present value of the cash flow stream is $ 30. (Round to the nearest cent.) Suppose a five-year, $1,000 bond with annual coupons has a price of $899.52 and a yield to maturity of 6.4%. What is the bond's coupon rate? The bond's coupon rate is %. (Round to three decimal places.)