A $1,000,000 issue of 10-year bond redeemable at par offers 8.5% coupons payable semi-annually with a yield at 6.3% compounded monthly. Answer the following questions, and choose the closest answer from the possible choices following each question:

a. What is the market yield of the bond? (Express in percentage with four decimal places i.e., .0001%)

b. What is the coupon rate (or bond rate) of the bond? (Express in percentage with four decimal places i.e., .0001%)

c. Which rate over each payment interval do you use for calculating the purchase price manually using the formula approach? (Express in percentage with four decimal places i.e., .0001%)

d. What is the purchase price of the bond?

e. This is a bond selling at ______ (choose from "par," "a premium," or "a discount")