hello. I already answered A, but unsure how to find b. Please provide explanation and final answer (round to two decimal places)

Suppose a seven-year, $1,000 bond with a 7.23% coupon rate and semiannual coupons is trading with a yield to maturity of 4.77%. a. Is this bond currently trading at a discount, at par, or at a premuim? Explain. b. If the yield to maturity of the bond rises to 5.31% (APR with semiannual compounding), at what price will the bond trade? a. Is this bond currently trading at a discount, at par, or at a premuim? Explain. The bond is currently trading... (Select the best choice below.) A. ... at a premium because the coupon rate is greater than the yield to maturity B. ... at a premium because the yield to maturity is greater than the coupon rate. C. at par because the coupon rate is equal to the yield to maturity D. ... at a discount because the coupon rate is greater than the yield to maturity b. If the yield to maturity of the bond rises 5.31% (APR with semiannual compounding), at what price will the bond trade? The bond will trade for $. (Round to two decimal places.)