a a. 7. Myrtle's Turtles, Inc. has two bonds outstanding. Both bonds mature in 10 years, have a face value of $1,000, and have a yield to maturity of 8%. One bond is a zero coupon bond and the other bond has a coupon rate of 8%. Which of the following statements is true? Both bonds must sell for the same price if markets are in equilibrium. b. The zero coupon bond must have a higher price because of its greater capital gain potential. The zero coupon bond must sell for a lower price than the bond with an 8% coupon rate. d. All rational investors will prefer the 8% bond because it pays more interest. C. 8. In 2011 Carolina Agricultural Supplies, Inc. issued bonds with an 8 percent coupon rate and a $1,000 face value. The bonds mature on October 1, 2036. If an investor purchased one of these bonds on October 1, 2021, determine the yield to maturity if the investor paid $1,050 for the bond. a. 8.5% b. the yield to maturity is $950 ($1,000 interest less $50 capital loss) c. the yield to maturity must be greater than 8% because the price paid for the bond exceeds the face value d. 7.44%