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Oden Enterprises originally sold bonds in 2012 with a 10 year maturity, $1000 par, 6% coupon paying annual interest. It is now 2019 and 7

Oden Enterprises originally sold bonds in 2012 with a 10 year maturity, $1000 par, 6% coupon paying annual interest. It is now 2019 and 7 years later.Bond of similar risk selling at par now have a 5% coupon rate.

1. What price would bond investors be willing to pay for a Oden bond today?

2. Is that a premium or discount?

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