Consider XYZ bond with a stated coupon rate of 8%,XYZ bond pays interest to bondholders on semiannual basis and 3 years to maturity. The market's required yield to maturity for a similarly rated debt was 10%. a) What is the present value of this bond if the par value is $1000 ? (3 Marks) b) Based on your calculations in part (a), determine whether the bond is trading at par, discount, or premium? Why? (1 Marks) c) What's the relation between bond price and yield to maturity? Consider XYZ bond with a stated coupon rate of 8%,XYZ bond pays interest to bondholders on semiannual basis and 3 years to maturity. The market's required yield to maturity for a similarly rated debt was 10%. a) What is the present value of this bond if the par value is $1000 ? (3 Marks) b) Based on your calculations in part (a), determine whether the bond is trading at par, discount, or premium? Why? (1 Marks) c) What's the relation between bond price and yield to maturity