Formula TE CF Vo = (1+1) 6. How much are you willing to pay for a bond that matures in 12 years, if it pays a 7% coupon rate and your required rate of return is 8%. Is it selling at a premium or a discount? 7. A bond is listed at 92.5, if it pays a 9% coupon and matures in 8 years, what is the annual yield- to-maturity? Current yield annual interest payment current market price What is the current yield on this bond