Question Three: Bonds and Bond Pricing . NaturePromo Inc. has just issued 20-year semiannual coupon bonds with a face value of $1,000. The annual coupon rate is 5.5% and the current yield to maturity is 4.5%. (a) What is the company's current price per bond? (2 marks) [Present the formulae, calculations, values of parts and final answer in the table below.] Formulae (or Excel Functions used): (0.5 mark) Amount of each coupon payment and calculation: (0.5 mark) $ [calculation: _______] Total number of coupon payments for 20 years and calculation: (0.5 mark) ____________ [calculation: _______] Current price of the bond: (0.5 mark) $ ____________ (b) Is the bond trading at a premium or discount? Clearly relate your answer with the bond price, coupon rate and yield to maturity relationship. [Word limit: 60 words; answers beyond word limit will NOT be marked] (2 marks)