John holds a bond with a price of $50. During market trading, the price of the bond increases to $55. As a result, the bonds coupon payments will increase (in nominal terms):

True or False?

Imagine John bought a second bond that pays $60 at par with a 10% coupon rate in two years. Let the yield to maturity be 1%. What is the price of this bond under classical theory? [round to the nearest whole number]