Rick bought a 30-year bond when it was issued by Macroflex Corporation 8 years ago. The bond has a $1,000 face value and a coupon rate equal to 5 percent and the coupon is paid every six months. If the yield on similar-risk investments is 6 percent, a. What is the current market value (price) of the bond? b. Suppose interest rate levels rise to the point where such bonds now yield 8 percent. What would be the price of Macroflex bond? c. At what price would Macroflex bonds sell if the yield on them was 4 percent? d. What do you observe regarding the relationship between interest rate (YTM) bond’s price? e. What do you observe regarding the relationship between coupon, YTM and the bond’s price?

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.