1. Bonds A $1000 bond has a coupon rate of 8 percent and coupons are payable annually. Suppose there are 10 years left on the bond, and you purchased it at a yield of maturity of 9%. a. How much are you paying for the bond? b. Are you buying at a premium or discount? Explain. c. What is the current yield of the bond? d. Suppose you expect to sell you bond next year to yield a rate of return of 5%, what is the expected selling price of the bond? e. What is the yield to maturity when you sell it