38. When current market interest rates (or yields) increase in the economy, the prices of outstanding bonds will: increase b) decrease c) remain constant d) impossible to determine from this information 39. When a coupon bond trades at a market price above par value, the yield-to-maturity is: a) b) c) d) greater than the coupon rate less than the coupon rate equal to the coupon rate impossible to determine from this information 40. A $1,000 par value coupon bond has a stated interest rate of 6% and current market yields on equivalent risk bonds are 8%. The current market price of this bond will be: a) c) d) greater than par value less than par value equal to par value impossible to determine from this information