Choose the best response.

When current market rates equal the coupon interest rate, the price of the bond: a. Goes up b. Goes down c. Does not change from its par value If investment projects are mutually exclusive, always accept the project with: a. The higher NPV b. The higher IRR c. The higher profitability index When current market rates are greater than the coupon interest rate, the price of the bond: a. Goes up b. Goes down c Does not change from its par value When ls a confict in the NP and the IRR a problem: a. When the projects are mutually exclusive b. When the projects are independent c. when the payback on the projects is ess han three years When current market rates are less than the coupon interest rate, the price of the bond: a. Goes up b. Goes down c. Does not change from its par value