Question 7 (2 points) A company's bonds have $1.000 par value and pay interest annually at a fixed, stated 8% annual rate The bonds mature in 25 years. What is the current price of the bonds if the present yield to maturity is 10% $726 $818 $951 $1,000 Question 8 (2 points) A $1,000 bond with a 10% stated rate was originally sold at its face value of $1,000 Shortly thereafter, the interest rate on similar investments rose to 12% What would happen to the value of the bond? It would be greater than $1,000 it would be less than $1,000 O it would remain at $1,000 Question 9 (2 points) A $1,000 bond has a 5% stated annual interest rate, and pays interest semi-annually for a term of 20 years. The going market rate is 7%. An investor who buys this bond today will most likely receive a true effective annual yield (or yield-to-maturity) of 5% 6% 7%