8. While bonds have a stated contractual interest rate (or coupon rate), notes can have one of two types of interest rate. These two types of interest rate are:

a. Fixed and Variable Interest Rate

b. None of the available choices

c. Stated and Effective Interest Rat e

d. Short and Long-term Interest Rate

9. A $100,000 bond bears an interest rate of 6%. The bond was issued at a price of $95,000. The actual amount of interest that the investor would receive each year is

: a. $5,000

b. $5,700

c. $2,85

0 d. $6,000