Question: a) There are 5 years remaining on a fixed coupon bond issued by FOTH with a par value of $1000 and a coupon rate of

a) There are 5 years remaining on a fixed coupon bond issued by FOTH with a par value of $1000 and a coupon rate of 8%. The current prevailing return on such a bond is 9%. What is its value and what type of bond is it, e.g. is it a premium bond? Explain

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