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7. You are considering changing jobs. Your goal is to work for three years and...

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7. You are considering changing jobs. Your goal is to work for three years and then return to school full-time in pursuit of an advanced degree. A potential employer just offered you an annual salary of $41,000, $43,000, and $46,000 a year for the next three years, respectively. All salary payments are made as lump sum payments at the end of each year. The offer also includes a starting bonus of $3,000 payable immediately. What is this offer worth to you today at a discount rate of 6.75 percent? A. $111,406 B. S14,545 C. $116,956 D. $120,212 E. $133,697 8. Big Ten offers a 9 percent coupon bond with semiannual payments and a yield to maturity of 11.68 percent. The bonds mature in 16 years. What is the market price per bond if the face value is $1,000? A. $807.86 B. $863.08 C. $916.26 D. $1,453.10 E. $1,322.88

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