Tavinona Company issued 1,000; $1,000 bonds for a bond issue of $1,000,0000. The bonds were issued dor a 15ywar term with a cupon rate of 4.5%.

Tavinona Company issued 1,000; $1,000 bonds for a bond issue of $1,000,000. The bonds were issued for a 15-year term with a coupon rate of 4.5%. a. The current market rate is 3.8%. Calculate the present (market) value of one bond, then calculate the amount of the bond premium. Multiple Choice O O $1,08918; $89.18 $1,079.48; $79.48 $1,057.79; $57.79