A young engineering company is a subcontractor in an effort to develop technology that will reliably detect and respond to release of a nuclear weapon. The company is in need of additional funding and issues a series of $1,000 face value bonds that pay a nominal annual rate of 9% with quarterly payments. The bond matures in 5 years.

A) If you buy one bond for $930 and keep it until maturity, what is your effective annual rate of return?

b) If you buy one bond for $930, but need to sell it immediately after the 16^th interest payment for $930, what is your effective annual rate of return?

C)If your desired rate of return is 14% compounded quarterly and you plan to keep the bond until maturity, what would be the purchase price for the bond?

D) You buy the bond for $1,000, and decide to sell it immediately after the 16^th interest payment. If you want to earn 14% per year compounded quarterly on your investment, what must be your selling price?