a. Bessner Corporation 10% p.a. bonds, rated AA, were originally issued as 15-year bonds in May, 2014 .But many things about the world have changed since then, and now bonds of the same quality are being issued with 6% p.a. interest. Please find the current (November 2020) theoretical price of this bond (showing your work), and then state if the bond is priced atpar, at apremium, or at adiscount.

b. On the maturity date of this bond issue (early in May of 2029), how much will the holder of each individual bond receive in cash from Bessner? Please show your work.