Question 11 Which one of the following is most likely true for a AAA bond compared to a CCC bond? o The AAA bond has a longer time to maturity than the CCC bond o The AAA bond will most likely sell at a premium O The AAA bond is riskier than the CCC bond o The AAA bond has a lower default premium than the CCC bond Question 12 8 pts What is the value of a bond that matures in 25 years, makes an annual coupon payment of $120, and has a par value of $1000? Assume a required rate of return of 9%, and round your answer to the nearest $10 o $1,290 O $1,250 O $1,330 O $1,200 Question 13 7 pts What is the value of a bond that matures in 8 years, has an annual coupon payment of $90, and has a par value of $1000? Assume a required rate of return of 6%, and round your answer to the nearest $10 $2,050 $2,100 $1,000 $1,190