HCA105 Financial Practices for Health Care Organizations Section 2 - Estimating Bond Valuation Evergreen Hospital & Medical Research Centre plans to issue a tax-exempt bond at an annual coupon rate of 7 percent with a maturity of 15 years The par value of the bond is $9,000 a) If the market rate is 7%, what is the value of the bond? b) If the market rate falls to 6%, what is the value of the bond? c) If the market rate rises to 11 %, what is the value of the bond? d) At what market rate does the bond sell at a discount? does the bond sell at a premium