9. The Almost Company's bonds have a $1,000 face value, pay an 8% coupon, and mature in 15 years. What is the value of one Almost Company bond to an investor who requires a 14% rate of return? a. $ 491.37. b. $ 631.47. C. $1.000.00. d. $1.513.57.

10. All else held constant, as a bond selling at a discount approaches its maturity date, its price: a. Increases. b. Decreases. Remains the same. C. d. Can do any of the above.