Bananic Ltd. raised $30 million by issued a 10-year, 7 percent semi-annual coupon bonds one year ago. The bond was rated grade A when issued at par. Today, the yield-to-maturity (YTM) of the bond yields an effective annual rate of return of 12 percent.

a)How many bonds did Bananic issue?

b)Is the bond a premium bond or discounted bond today? Explain your answer without any calculation.

c)Determine the bond price today.