Your answer is partially correct.

Seven years ago, Swifty Corporation issued $20-$year bonds that had a $$1,000$ face value, paid interest annually, and had a coupon rate

of $10$ percent. If the market rate of interest is $4\mathrm{.}5$ percent today, what is the current market price of an Swifty Corporation bond?

$($Round intermediate calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25145$ and final answer to $2$ decimal places, e$.$g$.52\mathrm{.}75.)$

Current market price

Are these bonds selling at a premium or discount?

These bonds are selling at a

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