33. What is the annual coupon payment for a bond (par value of $1,000) with 7 years until maturity, a price of $1,000, and a discount rate of 6%?$80 $70 $60 $50 None of the above

34. What happens to the price of a three-year bond with an 8% coupon when interest rates change from 6% to 8%? A price increase of $53.47 A price decrease of $51.54 A price decrease of $53.47 No change in price None of the above

35. What is the rate of return for an investor who pays $1,000 for a three-year bond with a 7% coupon rate and sells the bond one year later for $1,000? 5% 6% 7% 8% none of the above