Question: PLEASE I NEED HELP IN 10 MINUTES !!!! Question 4 of 5 20 Points Click to see additional instructions ABC corporation's outstanding bonds have a

PLEASE I NEED HELP IN 10 MINUTES !!!!

PLEASE I NEED HELP IN 10 MINUTES !!!! Question 4 of 5

Question 4 of 5 20 Points Click to see additional instructions ABC corporation's outstanding bonds have a $1000 par value, with 30 years to maturity. The bonds pay coupon interest annually, and their yield to maturity (YTM) is 6.80%. The bond currently sells for $880. Calculate the price of the bond 9 years from now, assuming the YTM is constant over time. State whether it is a discount or premium bond? (Round to TWO cents. provide your answer in absolute values without the dollar sign, e.g., 1234.56) The price of the bond 9 years from now will be s Write (1) for Discount Bond, and (2) for Premium Bond

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