CHOICES 1. The State of Adaven issued $50 million of perpetual bonds in 1960. The bonds were issued in $100 denominations with an annual coupon interest rate of 5%. Determine the value of these bonds today to an investor who requires a 10% return on his investment. a. $25 b. $5 c. $10 d. $50 2. The State of Adaven issued $50 million of perpetual bonds in 1960. The bonds were issued in $100 denominations with an annual coupon interest rate of 5%. Determine the rate of return or yield on these bonds if they are purchased at the current price of $40 a. 12.5% b. 8.0% c. 5.0% d. 1.25% 3. Two-vears ago, Trans-Atlantic Airlines sold a $250 million bond issue to finance