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Please show work. 8. (9 point) Calculate the price of a $1,000 bond, offering a 10% coupon payment with 30 years left to maturity and

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8. (9 point) Calculate the price of a $1,000 bond, offering a 10% coupon payment with 30 years left to maturity and a market interest rate of 8%. (Assume interest payments are semiannual.) is this a discount or premium bond? Price: Type:_ 9. (8 points) On May 4, 2018, the Dow Jones Industrial Average opened at $23,865.22 and closed at $24,262.51. What was the daily return that day, and what was the effective annual rate return (irn percent) of the stock market that day? Daily Return: 90 EAR: %

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