B. $622.20 C. $654.95 D. S689.42 10. Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 5.5%, how much is the bond worth today? A. $585.43 B. $614.70 C. $645.44 D. $677.71 11. Suppose the U.S. Treasury offers to sell you a bond for $3,000. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $5,000. What interest rate would you earn if you bought this bond at the offer price? A. 3.82% B. 4.25% C. 4.72% D. 5.24% 12 Last year Ellis Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 9.0% per year. If that growth rate were maintained, how many years would it take for Ellis' EPS to triple? A.929 . 10.33 C. 11.47 D. 12.75 13. An investment pays $300 annually for five years with the first payment accruing today. The present value of the investment discount at 4% annual rate is closet to: A. 929 B. 1033 C. 1147 D. 1389