Problem A bond with a par value of $1,000, a maturity of 14 years, and an annual interest or coupon rate of 9% sells in the market for $1,100. The market required return for a comparable bond at risk is 10%. Answer or calculate the following: 1. Is the bond selling at par, at a premium, or at a discount? explain 2. Is the bond being sold in the primary or secondary market? explain 3. List two reasons why a company or government issues or sells bonds. A. b. 4. Calculate the bond's yield to maturity. YMT = ___________________. 5. Show procedure or what you did to get to that performance. 6. Determine the value of the bond or the price paid, given the required rate of return. Price = ______________________. 7. Show procedure or what you did to determine the price. 8. Would you buy the bond? explain