Question 1 4.1666 points Save Answer Joe buys a bond at par with a coupon of 8%, annual compounding and with quarterly payments. What's the value in 9 years? o $1,999 $500 $16,960 $2,039 Question 3 4.1666 points Save Answer Consider a 3-year bond with a par value of $1,000 and an 8% annual coupon. If interest rates change from 8 to 6% the bond's price will: Decrease by 53.46 Increase by $51,54 o Increase by 53.46 Decrease by $51.54