Company A issued a $5$ year $4\mathrm{.}5\%$ coupon bond with a stated value $($par or face$)$ of $$15,000,000$ on December $31,2022$ when

the market rate of interest $($yield to maturity$)$ was $5\%.$ The bond pays interest semiannually.

$1.$ Was Company A$$s bond issued at a discount, premium or par and why? $+1$ POINT

$2.$ What is the price of the bond $[$show your financial calculator syntax for credit$]?+4$ POINTS

Hint: The bond price is the present value of the future bond cash payments so make sure you use the correct interest

rate, as discussed during lecture.$]$

$.$

$3.$ Now assume the above bond was settled $($purchased$)$ on $4/30/2023.3$ POINTS

a$.$ What is the cash $($dirty$)$ price of the bond $[$show your work for credit$]?+1(1)/(2)$ POINTS

b$)$ As discussed in class, how would the ask $($quote or clean$)$ price of the bond be listed $[$show your work for credit$]?$

$+1(1)/(2)$ POINTS