1. A company would call its outstanding callable bonds if: || 1. The company's bonds are downgraded. 15. Market interest rates rise sharply. lic. The company's financial situation deteriorates significantly. | 1. Market interest rates decline sharply. 2. If a 15-year bond with a face value of $1,000 currently sells for $850, then 2. The bond's coupon rate exceeds its current yield (Market rate) b. The bond's current yield (Market rate) exceeds its yield to maturity. 1. The bond's yield to maturity (Market rate) is greater than its coupon rate. | a. The bond's current yield (Market rate) is equal to its coupon rate. le. If the yield to maturity (Market rate) stays constant until the bond matures, the bond's price will remain at $850. 3. Morin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 6.1% on these bonds. What is the bond's price? a. $1,024.74 b. $1,147.71 ||c. $1,116.97 Id. $1,096.47 lle. $1,280.93