A $1,000 (face value) bond with 10 years to maturity and 7% annual coupon is selling for $1,154.43. [Note: The YTM is an integer.] (a) Is the bond selling at premium, par or discount? Briefly explain your answer (NO calculations required). (2 marks) (b) If you are asked to calculate the YTM without using a financial calculator (i.e., using the trial and error method manually), what interest rate would you start with? Explain your answer. (3 marks) (c) What is the yield to maturity (YTM)?