Vulpis Inc. has just made an issue of 20-year maturity $1,000 par value bonds with a 9% coupon rate. The bond is currently selling in the market for $1,200.

A 1% increase in interest rates caused the intrinsic value of Vulpis Inc. bonds to:

		Decrease by 9.89%
		Increase by 9.89%
		Decrease by 4.96%
		Increase by 4.96%

Wilhelm Corp. bonds have a 9.96% coupon rate with semi-annual coupon payments. They have 8 years to maturity and a par value of $1,000. What is the current yield of the bond if the bond is selling at a market price of $1,165.91? Submit your answer as a percentage and round to two decimal places (Ex. 0.00%)

Clarow Corp. bonds have a 20-year maturity, a 4.1% coupon, and a par value of $1,000. The going interest rate (rd) is 8.8%. Assuming semiannual compounding, what is the bond's price? Round to two decimal places (Ex. $000.00)