Question: Answer rate problems in percent form. Round to 2 decimal places. A bond that matures in 8 years has a par value of $1000 and

Answer rate problems in percent form. Round to 2 decimal places.

A bond that matures in 8 years has a par value of $1000 and an annual coupon payment of $70. Market interest rates are 9%. What is the price of the bond? Is it a premium or discount bond? Price Premium or Discount (type either word exactly as it is shown here) Question 2 1 pts A bond that matures in 12 years has a par value of $1000 and an annual coupon rate of 10%. The market interest rate is 8%. What is its price? Is it a premium or discount bond? Price Premium or Discount (type either word exactly as it is shown here)

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