1. If a 15 year bond is issued with an 8.4% interest coupon (paid semi-annually), and is currently 5 years into the term, with a Yield to Maturity (YTM) of 7.6%, what do you KNOW is true of this bond?
   1. The semi-annual interest payment is $42
   2. The semi-annual interest payment is $38
   3. The bond is currently trading at a premium
   4. The bond is currently trading at a discount
   5. Both (a) and (c) are true
   6. Both (b) and (c) are true
   7. Both (a) and (d) are true
   8. Both (b) and (d) are true