1 A $1,000 par value bond has a 7 percent coupon, which is paid on a semiannual basis. It matures in either 1 year or 10 years. Current yields on similar bonds are either 6 percent or 10 percent. a. Calculate the price of the bond for the four possibilities. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price of the bond $ $ 1 year 1 year 10 years 10 years 6 percent 10 percent 10 percent 6 percent $ $ b. What is the relationship between price and yield? Price and yield are (Click to select) v related. c. What is the relationship between bond price changes and time to maturity? Bond prices change (Click to select) v for a given yield change