Suppose a seven-year, $1,000 bond with a 7.6% coupon rate and semi-annual coupons is trading with a yield to maturity of 6.28%. a. Is this bond currently trading at a discount, at par, or at a premium? Explain. b. If the yield to maturity of the bond rises to 7.43% (APR with semi-annual compounding), what price will the bond trade for? this bond currently trading ara discount, at par, or at a premium? Explain. (Select the best choice below.) y Becayde the yleld to maturity is greater than the comfort rate, the pond is trading at par. B. pecause the yield to maturity is less than the coupon rate the bond is tradits at a discount. Because the yield to naturity is less thah the foupon rate the bond is trading at a pretium XD. Because the yield to maturity is greater than the coupon rate the bond is trading at a premium b. If the yield to maturity of the bond rises to 7.43% (APR with semi-annual compounding), what price will the bond trade for? The new price of the bond will be $ (Round to the nearest cent.)