Use the following information for Questions 6 - 10: Table of Interest Rates: Consider the following bond: - Exactly 3 years to maturity - 7% coupon rate, paid annually - \$100 par value - Bond is callable in exactly 1 year for 101.5 and exactly 2 years for 100.5. What is the price of the callable bond in this scenario per 100 of par value? Round your answer to three decimal places. Question 8 Question 9 Question 10 Which types of firms would you expect to issue callable bonds and why? Riskier, younger firms because they have higher interest rates initially and thus more room for them to fall Riskier, younger firms because investors prefer these firms Older, safter firms because they have more room for their interest rates to increase Older, safer firms because their interest rates are lower Use the following information for Questions 6 - 10: Table of Interest Rates: Consider the following bond: - Exactly 3 years to maturity - 7% coupon rate, paid annually - \$100 par value - Bond is callable in exactly 1 year for 101.5 and exactly 2 years for 100.5. What is the price of the callable bond in this scenario per 100 of par value? Round your answer to three decimal places. Question 8 Question 9 Question 10 Which types of firms would you expect to issue callable bonds and why? Riskier, younger firms because they have higher interest rates initially and thus more room for them to fall Riskier, younger firms because investors prefer these firms Older, safter firms because they have more room for their interest rates to increase Older, safer firms because their interest rates are lower