Assume interest rates for bonds today is 5% for an AAA rated bond. Calculate the price of

Question:

Assume interest rates for bonds today is 5% for an AAA rated bond. Calculate the price of the bond you have selected relative to the 5%. Is the bond selling at a premium or a discount? Why? Be sure to show how you arrived at your answer. What other factors may influence the value of a bond?
Price: 100.66
Coupon (%): 1.000
Maturity Date: 17-Feb-2015
Yield to (%):-2.243
Current Yield (%):0.993
Fitch Ratings: AA
Coupon Payment Frequency: Semi-Annual
First Date: 17-Aug-2012
Type: Corporate
Callable: No
Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...