Suppose a seven-year, $1,000 bond with a 7.8% coupon rate and somiannual coupons is trading with a yiold to maturity of 6.36%. 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 7.28% (APR with semiannual compounding), what price will the bond trade for? a. Is this bond currently trading at a discount, at par, of at a premium? Explain. (Solect the best choice below) A. Because the yield to maturity is less than the coupon rate, the bond is trading at a premium