Yellow Inc, offers bonds with a coupon rate of $6\%.$ The coupon paid annually and the market's required yield to maturity $($YTM$)$ is $8\%.$ The par value of the bond is $ $800$ and the bond matures in $5$ years.a$)$ What is the theoretical value of the bonds?b$)$ Determine whether these bonds are traded at par, discount or premium! $($We assume an efficient financial market.

The theoretical value of the bonds is$?$

The bond is traded at$?$