Suppose a $1,000 bond pays $85 per year in interest. Instructions: In part a, round your response to one decimal place. In part b, round your response to two decimal places. a. What is the contractual interest rate (coupon rate") on the bond? %
b. If market interest rates changes to 9 percent, what price will the bond sell for? $"

Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.