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Whatcom Co, issued a 15-year bond a year ago at a coupon rate of 6 percent. The bond makes semiannual coupon payments. If the YTM

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Whatcom Co, issued a 15-year bond a year ago at a coupon rate of 6 percent. The bond makes semiannual coupon payments. If the YTM on these bonds is 8 percent now, what is the current bond price? (Note: when bond face value is not given, assume the common choice of $1,000 ) Question 2 A bond with an annual coupon of $50 originally sold at par for $1,000 (several years ago). Today, the YTM on this bond is currently 4%. This bond will currently sell at a premium discount

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