9. ( 0.5 points) GlowStreet issued a bond, which pays semi-annually and has 20 years to maturity. Par value is $1,000, the market price is $950.00, and the yield to maturity is 8.50%. The bond's annual coupon rate is %. 10. ( 0.5 points) Gekko Industries plans to issue a $1,000 par, semi-annual pay bond with 10 years to maturity and a coupon rate of 8.00%. The company expects the bonds to sell for $1,050.00. Gekko Industries' cost of debt (as a stated annual rate) is estimated to be %. 11. (1 point) Eight years ago, HBCC Inc. sold a 20 -year, $1,000 par value, semi-annual pay bond for $1,000.00. At that time, the yield to maturity on the bond was 8%. Today the bond's YTM has gone up to 8.50%. Therefore, the bonds are currently selling . Why? a. at a discount b. at a premium c. at par d. above market price e. not enough information to