An investor purchases 270-day commercial paper with a par value of $2,000,000 for price of $1,960,000. The yield is percent. 2.76 2.67 2.72 none of the above Bond Evaluation and Risk Jerry Garcia purchased a $1,000 par value bond a with a 9 percent annual coupon rate and an original maturity of 20 years. The bond was issued four years ago, and the yield to maturity is 11 percent. What is the price Mr. Garcla should be willing to pay for this bond? $1,166.25 $1,000 $852,42 $840.73 A private investor is considering the purchase of a $1,000 par value bond paying interest semiannually The bond has an annualized coupon rate of 8 percent, and bonds with similar characteristics pay interest rates of 6 percent. The bond has 15 years remaining to maturity. A far price for the bond is $ 8. A zero-coupon bond sells for $1,000. Assume that the required rate of return changes from 6 percent to 5 percent. As a result, the price of the zero bond increases to $1,070. What is the bond price elasticity for this bond? 9. A bond has a par value at $1,000 and pays $100 in interest every year. The bond has three years remaining to ma. and the yield to maturity is 8 percent. What is the duration of this bond