FIN3100's outstanding bonds mature in 10 years, have a par value of $1,000, and make an annual coupon payment of $70. The market yield on the bond is currently 10%. What is the bond's price? $842.65 $832.61 O $941.23 $815.66 O $742.94 FIN3100 issued bonds with a 15-year maturity two year ago. The bonds have a 7% coupon, make one payment per year, and sold at their $1,000 par value. Market rate at the time was 7%. Now, two year later, the market rate has declined from 7% to 4%. At what price should FIN3100's bonds now sell? $1,897.21 O $1,327.53 O $1,316.89 O $1,299.57 O $1,727.13 FIN3100's bonds have a 15-year maturity, a 12% quarterly coupon ($30 coupon payments are made every three months), a face value of $1,000, and cannot be called. The going nominal annual interest rate (rd) for similar quarterly payment bonds of equivalent risk is 8%. What is the bond's price? $1,327.53 $1,368.47 $1,347.61 O $1,725.66 O $1,927.51