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PLEASE SHOW DETAILED WORK. a) Consider a bond with a coupon rate of 10% and annual coupons. The par value is $1,000, and the bond

PLEASE SHOW DETAILED WORK.
a) Consider a bond with a coupon rate of 10% and annual coupons. The par value is $1,000, and the bond has 5 years to maturity. The yield to maturity is 11%. Is this a discount or premium bond? What is the value of the bond? What is the current yield on the bond? b) Suppose you are reviewing a bond that has a 10% annual coupon and a face value of $1000. There are 20 years to maturity, and the yield to maturity is 8%. Is this a discount or premium bond? What is the value of the bond? What is the current yield on the bond

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