QUESTION 3 A $1,000 bond with a coupon rate of 6.0% paid semiannually has nine years to maturity and a yield to maturity of 7.0%. If interest rates rise and the yield to maturity increases to 8%, what will happen to the price of the bond? a. rise by $38.73 b. rise by $60.64 O c. fall by $60.64 O d. The price of the bond will not change. QUESTION 4 The yield to maturity of a $1,000 bond with a 6.2% coupon rate, semiannual coupons, and twenty years to maturity is 6.8% APR, compounded semiannually. The bond price is closest to ? O a. $934.93 O b. $844.57 O c. $1,081.62 O d. 977.87