J&J Manufacturing just issued a bond with a OMR1,000 face value and a coupon rate of 8%. If the bond has a life of 20 years, pays annual coupons, and the yield to maturity is 7.5%, what is the total present value of the bond's coupon payments? Select one: O a. OMR1,050.97 O b. OMR 815.56 c. OMR 235.41 d. OMR 341.15 O e. OMR 1,000.00 Diversification works because: Select one: O a. Stocks earn higher returns than bonds. O b. Forming stocks into portfolios reduces the standard deviation of returns for each stock. O c. Portfolios have higher returns than individual assets. d. Unsystematic risk exists. O e. Firm-specific risk can be never be reduced