Use the information to answer the following questions. Consider a $1,000 par value bond with a 10% annual coupon. There are 9 years remaining until maturity. Assume that the required return on the bond is 7% and the market is in equilibrium. What is the price of the bonds? Select one: a. $ 769.64 b. $1272.07 c. $ 827.23 d. $1195.46 e. $1000.00 Continued from previous question. Based on the information, you would expect the bond price to in one year. Select one: a. Increase by 1.46% b. Decrease by 1.37% c. Increase by 1.48%. d. Increase by 1.37% e. Decrease by 1.54%