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A corporate bond matures in 14 years, has a semiannual coupon rate of 8 percent, and a par value of $1,000. The required return is

A corporate bond matures in 14 years, has a semiannual coupon rate of 8 percent, and a par value of $1,000. The required return is 5 percent. What is the value of the bond? How is the bond sold?

OR $1,299.47, discounted

$752.67, with premium

$752.67, discounted

OR $1,299.47, with premium

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