What is the price of a 7.65%, semiannual bond with 16 years remaining until maturity when market rates are 8.32%?

		$941.32
		$948.92
		$1060.65
		$1061.23

Which bond would have the lowest default risk and highest price if market interest rates are 8%?

		Bond with a coupon rate of 9% and 15 years to maturity
		Bond with a coupon rate of 15% and 9 years to maturity
		Bond with a coupon rate of 9% and 9 years to maturity
		Bond with a coupon rate of 15% and 15 years to maturity