An 18-year $1,000 par value bond with annual coupons is bought to yield an annual effective rate of 5%. The bond is redeemable at par. The amount for amortization of premium (also known as principal adjustment) in the 10th year is $19.34. a) What is the original bond price? (5 points) Hint: 1st, you will want to find the annual coupon rate. b) What % of the bond's 'premium' remains to be amortized after 10 years? (5 points) Hint: 1st, you will want to calculate the bond's 'premium' as of t= 0. An 18-year $1,000 par value bond with annual coupons is bought to yield an annual effective rate of 5%. The bond is redeemable at par. The amount for amortization of premium (also known as principal adjustment) in the 10th year is $19.34. a) What is the original bond price? (5 points) Hint: 1st, you will want to find the annual coupon rate. b) What % of the bond's 'premium' remains to be amortized after 10 years? (5 points) Hint: 1st, you will want to calculate the bond's 'premium' as of t= 0