Problem $7-21$ Compute Bond Price $($LG$7-4)$

Compute the price of a $4\mathrm{.}8$ percent coupon bond with $10$ years left to maturity and a market interest rate of $7\mathrm{.}4$ percent. $($Assume Interest payments are semlannual.$)($Do not round Intermedlate calculatlons. Round your final answer to $2$ decimal places.$)$

Bond price

Is this a discount or premlum bond?

discount bond

premlum bond