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Assume that you have Corporate bond with $1,000.0 par value; 5.0% Cuopon rate; 20 years to maturity; YTM = 6.0%. Interest is paid annually. 1

Assume that you have Corporate bond with $1,000.0 par value; 5.0% Cuopon rate; 20 years to maturity; YTM = 6.0%. Interest is paid annually. 1 - What is the value (price) of this bond. 2 - What is the premium or discount of this bond. (Premium is when the bond's price is more than $1,000.0 & discount is when the bond's price is less than $1,000.0).

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