$1,000 six-year Eurobond has 7% coupon, is selling at par, and contracts to make annual payments of interest. The duration of this bond is 4.10 years. What will be the new price using the duration model if interest rates increase to 7.5 %? Select one: a. 981 b. 971 c. 977 d. 975 An Fl purchases a $9.500 commercial loans at par. The loans have an interest rate of 8%, a maturity of four years, and annual payments of principal and interest that will exactly amortize the loan at maturity. What is the annual payment? a. 2,688 b. 2,088 c. 2,666 d. 2,868