A $9,500 Bond with a maturity of 15 years has been purchased by Nisha. It hasa Monthly coupon of$45.52 and Nisha paid $8,199.05 for the bond which is compounded Monthly.

What is the yield of the bond?

(Answer should be in following form: A yield of 5% answer would be5not 0.05 or 5%)

(Also Use (-) when solving for Yield)

What is the Coupon Rate?

(Answer should be in following form: A yield of 5% answer would be5not 0.05 or 5%)

Is the bond being sold at a Premium/Discount/PAR?