Q1- What is the market value of a bond that will pay a total of 19 annual coupons of $100 each over the remainder of its life? Assume the bond has a $1,000 face value and a 7%/year yield to maturity.

Select one: a. $1,192.07 b. $642.26 c. $634.86 d. $1,196.36 e. $1,310.07

Q2- For a project with an initial investment of $38,000 and cash inflows of $10,500 a year for five years, calculate NPV given a required return of 12%/year.

Select one: a. $655 b. $1,699 c. -$347 d. -$150 e. $888