the par value and gives investors 1. A discount bond is selling at a price A. above; a capital loss B. below; a capital gain C.at; neither a capital gain nor loss D. below; a capital loss 2. Find the YTM for a 9% coupon, 35-year bond with a face value of $1000, selling at $1,276.76 and assuming semi-annual coupon. A. 3.45% B. 2.98% C. 6.90% D. 7.50% E. None of the above I 3. Which one of the following bonds is the least sensitive to interest rate risk? A. 7-year; 10 percent coupon B. 7-year; 4 percent coupon C. 5-year; 4 percent coupon D. 5-year; 10 percent coupon