38. A $1,000 face value bond has a 6.85 percent semi-annual coupon and sells for $980.00. What is the current yield? A. 6.75 percent B. 6.82 percent C. 6.89 percent D. 6.99 percent E. 6.61 percent 39. If you own a bond that you just purchased at the face value of $1,000 that pays 6% interest and the market rate of interest jumps to 7% and you want to sell your bond how much will you receive? A. $1,000 B. Less than $1,000 C. More than $1,000 D. The information provided is not enough to answer the question 40. If you buy a bond for $1,100 with a 10% coupon rate: A. You bought it at a discount and will earn more than 10% over the life of the bond B. You bought it at a discount and will earn less than 10% over the life of the bond C. You bought it at a premium and will earn more than 10% over the life of the bond D. You bought it at a premium and will earn less than 10% over the life of the bond