Payback is frequently used to analyze independent projects because: it is easy and quick to calculate. it considers the time value of money. all relevant cash flows are included in the analysis. it is the most desirable of all the available analytical methods from a financial perspective. none of the above Part of the Rock, Inc. has a 6% coupon bond that matures in 11 years. The bond pays interest semiannually. What is the market price of a $1,000 face value bond if the yield to maturity is 12.9% ? $434.59 $580.86 $600.34 $605.92 $947.87