Banks and financial statements, Finance Questions

Please answer the following questions.What is a bank?a) A debtorb) An individual borrowerc) A short-term loand) An institution offering various financial services to its customersFinancial statements report the fair market value of a company.a) Trueb) Falsec) neither of theseA three-year bond has 8.0% coupon rate and face value of $1000. If the yield to maturity (YTM) on the bond is 10%, calculate the price of the bond assuming that the bond makes semi-annual coupon interest paymentsa) $1000b) $1057.54c) $949.24d) $847.96All Tutors are required to create and answer one Finance question of their own.Ask a question and develop 4 multiple choice responses, 1 correct and 3 incorrect.