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CLO4 Question (4 Marks) ABC corporation has issued bonds that have a 20% coupon rate, payable semi-annually. The bonds mature in 12 years, have a

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CLO4 Question (4 Marks) ABC corporation has issued bonds that have a 20% coupon rate, payable semi-annually. The bonds mature in 12 years, have a face value of AED1,000, and a YTM of 8%. A] Assess the price of the bonds. [3] B] Do you think this bond should be classified as a "par bond", a "discount bond", or a "premium bond"? Justify clearly your answer. [1] Heading

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