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Question 70 0.59 out of 0.59 points When current market rates equal the coupon interest...

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Question 70 0.59 out of 0.59 points When current market rates equal the coupon interest rate, the price of the bond: Answers: a. Goes up b. Goes down c. Does not change from its par value Question 71 0.59 out of 0.59 points When current market rates are greater than the coupon interest rate, the price of the bond: Answers: a. Goes up b. Goes down c. Does not change from its par value Question 72 0.59 out of 0.59 points When current market rates are less than the coupon interest rate, the price of the bond: Answers: a. Goes up b. Goes down Does not change from its par value Question 73 0.59 out of 0.59 points Bond prices are quoted as a percentage of the par value. I par is $1,000, a bond quoted at 93.5% is selling for: Answers: a. $93.50 b. $935.00 c. $1,935.00

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