e) $5,832 d) $6,000 B. A bond bought for $800 and sold for $850 after a year, with a coupon payment of $50, has a holding-period return of a) 12% b) 12.5% c) 13% d) 14% 9. What is the YTM of a two-year $1,000 Treasury bill purchased for $900 ? a) 5.5% b) 10.55% c) 11.1% d) 12.5% 10. If the interest rate is compounded quarterly at 8%, the effective annual rate would be: a) 8.16% b) 8.24% c) 8.3% d) 8.4% 11. A fixed-payment loan of $1,000 with annual payments of $110 for 10 years has maturity closest to: a) 10% b) 11% c) 9% d) 8% 12. The present value of a $300 payment to be received in two years at a 6% discount rate is approximately: a) $267 b) $280 c) $285 d) $290 13. The present value of receiving $10,000 per year for three years at a 7% discount rate is closest to: a) $25,600 b) $26,200 c) $27,800 d) $28,400