June is computing the present value of a ten-year semi-annual eight percent coupon bond that has a 9% yield to maturity. Which one of the following is correct? The present value is assumed to be $1,000 O The amount of each interest payment is $80 O The bond is selling at a discount The current price of the bond will be greater than the par value. O The number of interest payments is ten. Which of the following is(are) correct? I. Bond prices and interest rates always move in opposite directions. II. The coupon rate on a bond changes as market interest rates change. III. When the coupon rate is above the market interest rate, the bond sells at a premium. O I only O ll only Oill only O I and II only O Tand Ill only