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Wisconsin Dairy Farm's bonds have a 15-year maturity, a 8% coupon rate. The market interest rate is 6%, based on semiannual compounding. What is the

Wisconsin Dairy Farm's bonds have a 15-year maturity, a 8% coupon rate. The market interest rate is 6%, based on semiannual compounding. What is the bond's price? 1. Is this bond a premium bond or discount bond? Why? (4pts) 2. Write down TVM equation: present value is equal to discounted future cash flow. (2pts) 3. Write down your calculator input and the final answer(4pts) Wisconsin Dairy Farm's bonds have a 15-year maturity, a 8% coupon rate. The market interest rate is 6%, based on semiannual compounding. What is the bond's price? 1. Is this bond a premium bond or discount bond? Why? (4pts) 2. Write down TVM equation: present value is equal to discounted future cash flow. (2pts) 3. Write down your calculator input and the final answer(4pts)

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