What are the proceeds of $ 1,000,000 deposited in a bank today (Sept 9) for 1 month at 1.5%? Take care to apply "money market" rules and use the proper "day count." What is the present value of $ 1 MM to be paid March 9 2018 at a (discount) rate of 2%. (Same instructions as in 15.) An asset promises to pay the following: $60 each year for the next ten years: and $1,000 in ten years Assume all the cash flows are discounted by 6%. Use the annuity formula to get the price of the first part. Use the standard discounting formula to get the price of the second part. Add them together, and you have the price of a bond! This is a bond with a coupon rate of 60/1,000 = 6% and a maturity of ten years. Its yield-to-maturity is 6%