8) A S1,000 face value coupon bond will pay 5 percent interest annually for 12 years. What is the percentage change in the price of this bond if the market yield rises to 6 percent from the current level of 5.5 percent? A) -5.28 percent B) 4.13 percent C)-2.38 percent D) 1.13 percent E)-4.26percent 8) 9) Allison's wants to raise $12.4 million to expand its business. To accomplish this, it plans to sell 25-year, $1,000 face value, zero-coupon bonds. The bonds will be priced to yield 6.5 percent, with semiannual compounding. What is the minimum number of bonds the firm must sell to raise the $12.4 million it needs? 9) A) 60,435 B) 61,366 C) 52,667 D) 60,107 E) 59,864 10) Last year, a bond yielded a nominal return of 7.37 percent while inflation averaged 3.26 percent. What was the real rate of return? A) 3.71 percent B) 3.42 percent C) 3.27 percent D) 3.86 percent 10)