5. If a bond has a coupon rate of 8.5% and a bond yield of 8.0%,

the bond price will be ________ than the par value of $1,000.

Group of answer choices

higher

lower

7 You are using a financial calculator to estimate the price of a $1,000 par value bond with a 7% annual coupon rate paid semiannually. The bond is priced to yield 5% and it has 7 years to maturity.

You have inputted I/Y = 2.5 and FV = 1000 in your financial calculator.

You should input the values of N =( ) and PMT = ( ) in your financial calculator.

.