b. ABC Inc bonds have an 8% coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 10 years from now. The bond yields 9%. 1. What is the coupon payment received by the investor on a semiannual basis? (3 marks) 2. How much is the investor willing to pay for the bond? (8 marks) 3. Is this a premium or a discount bond and why? (3 marks)