I have four short essay questions in finance that I need answered within three hours. This is a timed test. No plagiarism please, thank you. I have attached the questions.

6. (TCO 7) What would be the expected change to a 30-year bond's market price or value if its YTM increases to 9.4%? Its YTM is now 9%, it has an 8% annual coupon, $1,000 face value, it is currently priced at $897.26, and its duration is eight years. (Points : 20) Question 7.7. (TCO 9) What are M&M Propositions with and without taxes all about? Please explain, and you must use your own words to earn credit.(Points : 20) Question 8.8. (TCO 6) A $1,000 face value bond was issued at par 20 years ago with a 6% coupon paid semiannually. The bond now has seven years remaining to maturity and similar debt obligations are yielding 12%. Compute the current price of the bond. Assuming that the bond is sold at its current price, what is the capital gain or loss from the original purchase? Now assume that the price of the bond returns to par. What is the percentage capital gain or loss for the new owner? Please explain why the percentage gain is different from the percentage loss. (Points : 22) Question 9.9. (TCO 6) What is the interest rate needed on a $1,000 face value, 6% coupon corporate bond to make it equivalent in terms of return to one whose interest rate is tax free? Assume the corporate tax rate is 40%. (Points : 10)