wing A 10-year bond has a face value of $1,000. The bond pays coupon of $15 per half year. The yield to maturity on the issue date is 4% p.a. (nominal). Without calculation, you can tell the bond must be bond. premium (1 mark) discount You have this conclusion because_ (Select par reasons). the coupon rate is smaller than the yield to maturity the bond pays coupon every half year the face value must be lower than the price of the bond this is a coupon bond (1 mark) Calculate the issue price of the bond. (Round your answer to 2 decimal places. Do not include the $ symbol. Do not use comma separators. E.g. 1234.56) (2 marks)