Sunshine Corp bonds have 8 percent coupon rate and $1,000 of par value. Maturity is 15 years. The requird rate of return is 13 percent, what should be the price? What happens if you pay more than what you should pay? What happens if you pay less than what should you pay?

a. The price should be $

(Round to the nearest cent.)

b. The bond investment should not be accpeted if you pay less/ more for the bond because the expected rate of return for the bond is less/ greater than your required rate of return.(Select from the drop-down menus.)