Which would you prefer: Receiving $1000 in 8 years or $1200 in 10 years? Assume 6%APR opportunity cost and annual compounding. Show your work. How much should a zero-coupon bond sell for if it matures in 3 years and yields 4% APR? Show your work. How much should a 5% bond maturing in 4 years sell for if it yields 5% APR? Consider that same 5% coupon bond. Now assume one year has passed and yield have fallen. Now it yields 3% APR. At what price should it sell? What was the rate of return on that 5% coupon bond investment if you bought it when it yielded 5% and held it for a year? Consider a 6-year, 7% coupon bond selling at face value. At what yield to maturity is the bond selling? Consider that same 7% coupon bond. If yields remain the same, one year later, at what price will the bond sell? Consider an 8-year, 8% coupon bond selling at a yield of 6% APR. At what price does it sell? One year later, at what price does that 8% coupon bond sell if yields remain the same