ICIN Which of the following statements is correct? O a. The last payment of an ordinary annuity is made at the beginning of the last year. O b. The last payment of an annuity due is made at the end of the last year. O c. An ordinary annuity has a greater PV but smaller FV than an annuity due if they both have the same periodic payments, discount rate, and time period Od An ordinary annuity has a smaller PV but greater FV than an annuity due if they both have the same periodic payments, discount rate, and time period. e An ordinary annuity has smaller PV and FV than an annuity due if they both have the same periodic payments, discount rate, and time period. An investment pays $457 every second year for 20 years (a total of 10 payments). The first payment is paid today. Your opportunity cost is 8% compounded semi-annually. The present value of this investment is $ (Note: please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) Which of the following bond prices is most sensitive to market rate changes? The par value is $1,000 for all. O a. 6 years, 4.5% coupon rate, 3% YTM O b. 10 years, 4.5% coupon rate, 2.99% YTM O c. 6 years, 5.5% coupon rate, 4% YTM O d. d. 10 years, 5.5% coupon rate, 3% YTM O e. 10 years, zero coupon bond, 2.99% YTM ICIN Which of the following statements is correct? O a. The last payment of an ordinary annuity is made at the beginning of the last year. O b. The last payment of an annuity due is made at the end of the last year. O c. An ordinary annuity has a greater PV but smaller FV than an annuity due if they both have the same periodic payments, discount rate, and time period Od An ordinary annuity has a smaller PV but greater FV than an annuity due if they both have the same periodic payments, discount rate, and time period. e An ordinary annuity has smaller PV and FV than an annuity due if they both have the same periodic payments, discount rate, and time period. An investment pays $457 every second year for 20 years (a total of 10 payments). The first payment is paid today. Your opportunity cost is 8% compounded semi-annually. The present value of this investment is $ (Note: please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) Which of the following bond prices is most sensitive to market rate changes? The par value is $1,000 for all. O a. 6 years, 4.5% coupon rate, 3% YTM O b. 10 years, 4.5% coupon rate, 2.99% YTM O c. 6 years, 5.5% coupon rate, 4% YTM O d. d. 10 years, 5.5% coupon rate, 3% YTM O e. 10 years, zero coupon bond, 2.99% YTM