Question 10 (6 points) Which of the following investments has the highest effective annual rate (EAR)? (Assume that all CDs are of equal risk.) A bank CD that pays 9.7% daily (365-day). A bank CD that pays 9.85% monthly A bank CD that pays 9.9% quarterly A bank CD that pays 99% interest semiannually Question 11 (6 points) Bill is buying his first house for $200,000, and are paying $30,000 as a down payment. He has arranged a 15-year mortgage with a 4.8% p.a. nominal interest rate and monthly payments. How much of his sixth monthly payment will go toward the repayment of principal? $3,919.2 $59932 $659.7 S666.96 $4.610.9 Question 12 (6 points) A 6% semiannual coupon bond matures in 5 years. The bond has a face value of $1,000 and a current yield of 8%. What is the bond's price? O $1,333 $750 $375 $1,000