Your company offers a 9.6 percent coupon bond with semiannual payments. The yield to maturity is 13.2 percent and the maturity date is 17 years from today. What is the market price of this bond if the face value is $1,000? [ Select ] ["$1195.67", "$ 807.26", "$1301.25", "$1266.41", "$ 758.32"]

What kind of bond is this? [ Select ] ["Premium bond", "Discount bond"]