The XYZ Company has a bond outstanding with a face value of $1,000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8% and that the coupon payments are to be made semi-annually. How much is paid in each coupon payment? Answer: Assuming the appropriate YTM (expressed as APR) on the XYZ bond is 8.8%, what price should this bond trade for? Answer: Does the bond trade at discount, par, or premium? Answer: