Industrial Industries offers a 8.5 percent coupon bond with annual payments. The yield to maturity is 9.42 percent and the maturity date is 12 years from today. What is the market price of this bond if the face value is $1,000?

Question 5 options:

	$1,000.98
	$1,103.88
	$1,029.04
	$935.49
	$1,066.46

A 20-year, 6.5 percent coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity falls to 5.7 percent from the current rate of 6.5 percent?

Question 6 options:

	9.40%
	-8.84%
	-9.87%
	10.16%
	-9.40%