10 What happens to the price of a one-year bond with a coupon rate of 8% when the interest rate changes from 6% to 8%? ut of Select one: O a. A price increase of $18.87 O b. A price increase of $53.46 c. A price decrease of $53.46 O d. A price decrease of $18.87 O e. None of the above 11 You have borrowed a loan of $20,000 from Chase to buy a car. You have promised Chase to make mortgage style payments in each year. If you want to borrow this loan for two years and the interest rate is 2.5% every year, what is the interest payment in of year one? Select one: O a. $100.00 O b. $2,500.00 O c. $500.00 O d. $1,500.00 e. None of the above