QUESTION 13 How are investors in zero-coupon bonds usually compensated for making such an investment? a. Such bonds are purchased at their face value and sold at a premium at a later date. O b. The bond makes regular interest payments. c. Such bonds are purchased at a discount to their face value. d. Bond prices always increase over time. QUESTION 14 What is the price of a 5-year, 9% (coupon rate), semi-annual (coupon payment frequency) bond, when the YTM is 6.8%? The face value of the bond is $1000. a. $1,141.95 b. $1,091.95 O c. $1,041.95 d. $941.95 QUESTION 15 What is the YTM of a four-year semi-annual coupon pay bond with a face value of $1,000 and a 4 percent coupon rate when the bond is priced at $932.35? O a. 2.96% Ob. 5.95% c. 5.92% d. 11.90%