$.$ For a $10\%$ $$1,000$ coupon bond, when the market interest rate is greater than $10\%,$ the value of the bond:

Is unaffected and still equals its par value of $$1,000.$

Is less than its par value of $$1,000.$

Is greater than its par value of $$1,000.$

Cannot determine because it depends on the term of the bond in years.

c

$5.$ For a $10\%,$ $$1,000$ coupon bond, a longer term bond $($say$,15$ years$)$ is:

less affected by changes in the market rate than a $1-$year bond.

affected the same by changes in the market rate than a $1-$year bond.

more affected by changes in the market rate than a $1-$year bond.

Cannot be determined.