Part $1$A corporate bond has $23$ years to maturity, a face value of $$1,000,$ a coupon rate of $5\mathrm{.}1\%$ and pays semi$-$annual coupons. The annual market interest rate for similar bonds is $3\mathrm{.}4\%.($To clarify, these are all quoted using the standard simple interest rate bond convention, so the $6-$month yield and coupons were simply multiplied by $2$ to get the annual yields as in most of the standard bond problems in your homework.$)$ what should the current price of the bond be$?$Part $2$If the yield of $3\mathrm{.}4\%$ given to you in part $1$ was was actually an Effective Annual Yield like the rates given in treasury yield curve $($a$.$k$.$a$.$ the right thing$),$ and you recalculated the price under that convention, the correct price would be:Higher than part $1$Lower than part $1$