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You bought a $10,000 Canada bond on December 25, 2019, with a 3.5 % coupon and 20 years to maturity. You sold your bond on

You bought a $10,000 Canada bond on December 25, 2019, with a 3.5 % coupon and 20 years to maturity. You sold your bond on June 25, 2020, when market rates were 3.1%.

a. (3 pts) Without doing any calculations: Was the bond sold at a premium or a discount? Explain why.

b. (8 pts) What was the selling price on June 25, 2020?

c. (3 pts) What was the amount of the discount or premium

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