the first option is: less (or) greater

the second option is: further out (or) closer

Problem 13-01 A $1,000 bond has a coupon of 5 percent and matures after eight years. Assume that the bond pays interest annually. a. What would be the bond's price if comparable debt yields 8 percent? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. $ b. What would be the price if comparable debt yields 8 percent and the bond matures after four years? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. $ c. Why are the prices different in a and b? The price of the bond in a is-Select than the price of the bond in b as the principal payment of the bond in a is -Select than the principal payment of the bond in b (in time). d. What are the current yields and the yields to maturity in a and b? Round your answers to two decimal places. The bond matures after eight years: CY: % YTM: % The bond matures after four years: CY: % YTM: %