A five-year bond paying 8 percent semi-annual-pay coupon is trading on the market at a yield of 6.75 percent. What is the percentage change in price if the market yield increases by 0.75 percent?

		3.05%
		3.02%
		2.98%
		3.11%

The ratio of expected spot rate to current spot rate for USD/Pound is 1.02 and the inflation rate in the U.S. is 5%. What is the approximate inflation rate in the United Kingdom?

		4.1%
		7.0%
		2.9%
		1.3%