Question: Consider a five-year $1,000 face value bond with a 4.75% coupon rate. This bond pays annual coupons. The current yield to maturity is 4.25%. What

Consider a five-year $1,000 face value bond with a 4.75% coupon rate. This bond pays annual coupons. The current yield to maturity is 4.25%. What is the market price of this bond? Is it trading at a discount, premium, or on par?

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