1. What is the Present Value of an Ordinary Annuity paying $200 per month, for 24 months, at 1.5% interest per month? $4,006.08 $5,328.10 $6,884.87 $9,642.75
2. If a company must pay $400 million in 12 years, what is the Present Value of this payment if the relevant discount rate is 8%? $158.85 million $400 million $564.27 million $858.85 million
3. Calculate the value of a bond that matures in 15 years and has a $ 1,000 par value. The annual coupon interest rate is 11 percent and the? market's required yield to maturity on a? comparable-risk bond is 13 percent.
The value of the bond is ?$______(Round to the nearest? cent.)