1. A bond offering an annual coupon rate of 6%, paying interest semiannually, matures in 6 years. Given that the market discount rate is 4%, which of the following is most likely to be the price of the bond?
2. The bond is most likely to be priced at a premium above par value when:
A. Coupon rate < Market discount rate
B. Coupon rate = Market discount rate
C. Coupon rate > Market discount rate
3. An investor who owns a bond with a 10% coupon rate that pays interest semiannually and matures in four years is considering selling it. If the required rate of return on the bond is 12%, the price of the bond per $100 of par value is closest to: