QUESTION 6 Ecolab Company has bonds on the market with 15 years to maturity, a YTM of 4.6 percent, and a current price of $1,107.50. The bonds make semiannual coupon payments. What must the coupon rate be on these bonds? (Note that coupon rate is quoted in nominal term) 5.70% 5.80% 5.90% 6.00% 5.60% QUESTION 7 Ingram Corporation has a 25-year, 6 percent coupon bond outstanding, with semiannual coupon payments. The bond is currently sold at par. If interest rates suddenly rise by 1 percent, what is the percentage change in the price of the bond? - 12.23% -12.08% - 11.92% - 11.73% -11.59%