Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of 1,000, 14 years to maturity, and a coupon rate of 7 percent paid annually. If the yield to maturity is 9 percent, what is the current price of the bond? Multiple Choice 1,030.00 886.49 844.28 $802.06 1,178.91 Gabriele Enterprises has bonds on the market making annual payments, with 18 years to maturity, a par value of $1,000, and selling for $950. At this price, the bonds yield 11 percent. What must the coupon rate be on the bonds? Multiple Choice 10.35% 10.90% 11.00% 20.70% 10.45%