Suppose a seven-year $1,000 bond with an 8.4% coupon rate and semiannual coupons is trading with a yield to maturity of 6.69% 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 7.38% (APR with semiannual compounding), what price will the bond trade for? a. Is this bond currently trading at a discount, at par, or at a premium? Explain. (Select the best choice below) O A. Because the yield to maturity is greater than the coupon rate, the bond is trading at par O B. Because the yield to maturity is less than the coupon rate, the bond is trading at a premium OC. Because the yield to maturity is greater than the coupon rate the bond is trading at a premium OD. Because the yield to maturity is less than the coupon rate, the bond is trading at a discount b. If the yield to maturity of the bond rises to 7.38% (APR with semiannual compounding), what price will the bond trade for? The new price of the bond is (Round to the nearest cent) Click to select your answer(s)