Please do 1 and 2! If you can do 3 that would be great but if not thats ok! Thank you

Chapter 13 - Bonds (23 Points) 1. What is the market price of a bond that has a coupon of 6%, a maturity value of 10 years and a market rate of 8%? (2 points) a. If the market rate stays the same, what will happen to the bond's price as it gets closer to maturity? (2 Points) 2. What is the tax equivalent yield for an investor in a municipal bond that has a yield of 4% if that investor is in the 22% marginal bracket? Would this bond or a corporate bond that yields 4.6% before taxes create a higher yield? (2 Points) 3. Of the 6 risks mentioned in class for bonds, which risk is associated with the maturity and the amount of the coupon? (2 Points)