10 years ago, ABC Co. issued a series of $1,000 par value bonds. The bonds carry a coupon rate of 7%, paid semi-annually. Assume that the required rate of return on similar bonds today is 10%.

A. what is the current market price of the bond?

B. identify the bond's annual coupon yield, current yield-to-maturity.

C. if the interest rate were to subsequently decline, what would be the likely effect on the bond price and yield-to-maturity?