Connect Only Problem $7-11$ Compute Bond Price $($LG$7-4)$

Compute the price of a $7\mathrm{.}5$ percent coupon bond with $10$ years left to maturity and a market interest rate of $8\mathrm{.}0$ percent. $($Assume

interest payments are semiannual.$)$

Note: Do not round intermediate calculations. Round your final answer to $2$ decimal places.

Is this a discount or premium bond?

Bond price

Is this a discount or premium bond?