a. $1000 face value bond has an 8% coupon, with coupons paid and compounded annually, and a 4-year maturity. With similar bonds yielding 11%, what is the current market price of the bond?

b. A $1000 bond with a coupon rate of 7% (paid annually) matures in eight years. The bond is now selling for $948.08.What is its yield to maturity?

c. What is the percentage change in price of a $1,000 face value 8% coupon bond whose price has varied from $1,020 to $1,050.