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Calculate the premium or discount on the sale of a 2 0 - year, $ 1 0 , 0 0 0 Rogers Communications Corp. bond

Calculate the premium or discount on the sale of a 20-year, $10,000 Rogers Communications Corp. bond that was issued nine years ago with a coupon rate of 9% and is trading today at a yield rate of 8.0%(compounded semiannually).
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$632.96 premiumIncorrect
$159.23 discount
$220.73 premium
$689.22 discount
$722.56 premium

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