Which bond in the table is has a higher price?

Bond	yield	coupon
A	5%	6%
B	5%	4%

Select one:

a. not enough information to determine

b. Bond B

c. Both Bond A and Bond B

d. Bond A

If yields remain constant, a premium bond's price must ___________ as it approaches maturity.

Select one:

a. fall

b. rise

c. stay the same

d. not enough information to determine

Bond A has a yield of 3% and a price of $1004. Bond B has a yield of 3% and a price of $996. Which bond has the higher coupon rate?

Select one:

a. B

b. A

c. not enough information to determine.

A 1-year bond sells for $988. What will be the bond's value in 1 year?

Select one:

a. less than $1000

b. more than $1000

c. not enough information to determine

d. $1000