37-Marcey Inc. has a 6% coupon bond that matures in 11 years. The bond pays interest semi-annually. What is the market price of a $1,000 face value bond if the yield to maturity is 12.9%?

Select one:

a. $600.34

b. $947.87

c. $434.59

d. $605.92

e. $580.86

38-The loss of sales due to a new product which you recently introduced is an example of erosion.

Select one:

a. TRUE

b. FALSE

-Just the correct Letter for each question, without any any any explanation at all, please! And I'll put a Like. But don't explain the answers -Just answer the questions if you're 100% sure about the correct answers, please!