Callaghan Motor's bonds have 10 years remaining to maturity. Coupons are paid semiannually, the bonds have a $1,000 par value, and the coupon rate is 10 percent. The bonds have a yield to maturity of 9 percent. a) (4 points) is the bond a premium, par, or discount bond? Why? b) (16 points) Calculate the current market price of the bonds. Your answer should include a financial equation with parameters, algebraic equation, and answer in sequence. (1+r)" - 1 FVIF,+ = (1+r) FVIFAT, 1 1 1 (1+0)" (1+1) PVIF PVIFA, r