Final answer:
The cost of a $75,000 surety bond ranges from $750 to $11,250, depending on various factors such as creditworthiness and industry rates. Without specific details, it is not feasible to determine whether the cost would be more or less than $10,000. With interest rates increasing from 6% to 9%, a bond's market value would typically decrease.
Step-by-step explanation:
The cost to provide a surety bond company for a $75,000 surety bond depends on several factors such as the applicant's creditworthiness, the industry, and the surety provider's rates. Typically, surety bond premiums range from 1% to 15% of the bond amount. Using this range, you might expect to pay between $750 and $11,250 for a $75,000 bond. The provided rates for different income levels do not directly correlate with surety bond costs, and therefore it's not possible to precisely say if you would pay more or less than $10,000 without specific information about the current rates and the applicant's situation.
Regarding the question about interest rates changing from 6% to 9%, if you were to buy a bond one year before maturity, the market value of the bond would likely be less than $10,000 due to the higher interest rates.