Multiple choice questions-Each question is worth 5 points 1. The 4.5 percent bond of JL Motors has a face value of $1,000, a maturity of 7 years, semiannual interest payments, and a yield to maturity of 6.23 percent. What is the current market price of the bond? A. $945.08 B. $947.21 c. S903.05 D. $959.60 E. $912.40 2. A bond has a $1,000 face value, a market price of S1,045, and pays interest payments of $74.50 every year. What is the coupon rate? A. 6.76 percent B. 7.00 percent C. 7.12 percent D. 7.45 percent E. 8.14 percent What condition must exist if a bond's coupon rate is to equal both the bond's current yield and its yield to maturity? Assume the market rate of interest for this bond is positive. 3 A. The clean price of the bond must equal the bond's dirty price. B. The bond must be a zero-coupon bond and mature in exactly one year C. The market price must exceed the par value by the value of one vear's interest