XYZ Corporation issued a 30-year. 8% annual coupon rate bond 10 years ago. The current yield to maturity of bonds with similar risk is 6%. Assume that the bond was issued at par value. What is the current price of the bond? Is the bond trading it par. a premium or a discount? Why? Provide economic reasoning (pure calculation is not acceptable answer) Assuming that 1 year passes and yield curve remains constants (flat), calculate the new price of the bond, What is the new price of the bond? Verify that the YTM is equal to the capital appreciation and coupon yield of that year