Which of the following bond prices is most sensitive to market rate changes? The par value is $1,000 for all. O a 6 years, 45% coupon rate, 3% YTM Ob 10 years, 4.5% coupon rate, 2 99% YTM c. 6 years, 5.5% coupon rate, 4% YTM Od 10 years, 5.5% coupon rate, 3% YTM e. 10 years, zero coupon bond, 2.99% YTM Clear my choice An investment pays $457 every second year for 20 years (a total of 10 payments). The first payment is paid today. Your opportunity cost is 8% compounded semi-annually. The present value of this investment is $ (Note: please retain at least 4 decimal places in your calculations and at least 2 decimal places in the final answer.) ich of the following statements is correct? The last payment of an ordinary annuity is made at the beginning of the last year. b. The last payment of an annuity due is made at the end of the last year. C. An ordinary annuity has a greater PV but smaller FV than an annuity due if they both have the same periodic payments, discount rate, and time period d. An ordinary annuity has a smaller PV but greater FV than an annuity due if they both have the same periodic payments, discount rate, and time period. O e. An ordinary annuity has smaller PV and FV than an annuity due if they both have the same periodic payments, discount rate, and time period