Can you help me to understand if there are any other factors that you can offer that may explain why the bond is selling at a premium or discount?

http://finra-markets.morningstar.com/BondCenter/Screener.jsp

The bond I chose was ABU DHABI NATL ENERGY CO PJSC.The Coupon rate was 6.25% with a maturity date of September 2019.The semiannual rate would be 3.125% as that is half of 6.25% with a coupon payment of $31.25 as I used $1,000 as my par value.

The 5% interest rate is 2.5%, which I got when I divided the interest rate by 2.The number of payment periods left is 4 as there is only two years left on the bond.

Calculation:

PV = (coupon)(1-(1/(1+r)^m))/R + (par value) / (1+R)^m

PV = (31.25*((1-(1/(1.025^4))/.025))+(1000/(1.025)^4)

PV= 31.25 (1-1/1.104)/.0.25) + (1000/1.025^4)

PV= 31.25 (1-.91)/0.25 +(1000/1.104)

PV= 31.25 x .09/.25 + 1000/1.104

PV= 2.81/.25 + 1000/1.104

PV=11.24 + 905.80

Price of bond = $917.04

The price of the bond is selling at a discount as the calculation I came up with is lower than the par value of $1,000.Interest rates along with the length of the bond maturity can influence the value of the bond.

Mart/2