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TPC Inc. has bonds outstanding with 1 1 years until maturity. The bonds have INR 1 0 0 par value and an 8 percent annual

TPC Inc. has bonds outstanding with 11 years until maturity. The bonds have INR 100 par value and an 8 percent annual coupon. Currently, the bonds sell at INR 102.50.(5 Marks] a. What is the annual coupon bond's yield to maturity (YTM)?(1 Mark) b. What will be the percentage decrease in the annual coupon bond's price if YM were to immediately increase by 0.75%?(2 Marks) c. Disregard the above sub-question (b). What will be the percentage increase in the annual coupon bond's price if YTM were to immediately fall by 0.65%?

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