The Golden Company has a bond outstanding with a face value of $1,000 and semiannual coupon payments that reaches maturity in 8 years. The coupon rate for this bond is 8.4%. Assuming the appropriate yield to maturity on the Golden bond is 9.4%, then this bond will trade at a. par. b. a discount. c. a premium. d. none of the above (please show how to calculate on financial calculator BAII plus)

The Golden Company has a bond outstanding with a face value of $1,000 and semiannual coupon payments that reaches maturity in 8 years. The coupon rate for this bond is 8.4%. Assuming the appropriate yield to maturity on the Golden bond is 9.4%, then this bond will trade at a. par. b. a discount. c. a premium. d. none of the above