1. What is the value of a 15-year 10 % $1,000 coupon bond when the market interest rate is 15 %? a. $421 b. $708 c. $1,000 d. $1,519 -Select- 2. What is the value of a 12-year 10 % $1,000 bond when the market interest rate is 5%? a. $1,000 b. $1,050 c. $1,443 d. $2,200 -Select- 3. What is the value of a 10-year 10 % $1,000 bond when the market interest rate is 10 %? a. $900 b. $975 C. $1,000 d. $1,050 -Select- 4. For a 10% $1,000 coupon bond, when the market interest rate is greater than 10%, the value of the bond: a. Is unaffected and still equals its par value of $1,000. b. Is less than its par value of $1,000. c. Is greater than its par value of $1,000 d. Cannot determine because it depends on the term of the bond in years. -Select 5. For a 10%, $1,000 coupon bond, a longer term bond (say, 15 years) is: a. less affected by changes in the market rate than a 1-year bond. b. affected the same by changes in the market rate than a 1-year bond. c. more affected by changes in the market rate than a 1-year bond. d. Cannot be determined