The price of a lower coupon rate bond is more sensitive to interest rate changes than higher coupon rate bonds. (True/False) Select one: O True O False The value of a bond at any given time is the sum of O a. The future interest payments and the par value Ob. The present value of future interest payments and the present value of the par value Oc The future value of the interest payments and the future value of the par value Od. The present value of future interest payments and the market value Oe. The present value of future interest payments and the future value of the par value What is the price of a $1,000 perpetual par bond with a coupon rate of 10 percent and a current yield of 8 percent? O a $1,000 b. $800 Oc5920 d. $1.250 Oe5925.93 What effect, if any, will decrease in interest rates have on bond Values? O Bond values will increase Ob. Bond values will decrease Oc Bond values may increase or decrease, depending on the maturity, quality and coupon rate None of the a