Your company acquired as a long term investment K $500,000$ face amount the GRZ bond on September $30,2020.$ The bonds have a $14\%$ nominal $($coupon$)$ rate with interest payable semiannually on March $31$ and September $30.$ The remaining term of the Bond is $10$ years, and the bonds have an effective yield to maturity $($ market interest$)$ of $16\%$Requireda. Compute the value of the bond paid by your company $[3$ Marks$]$D$.$What type of bond is this? Why?