Question: Please show all your work for this question A four-year bond has an 8% coupon rate and a face value of $1000. If the current

Please show all your work for this question

A four-year bond has an 8% coupon rate and a face value of $1000. If the current price of the bond is $870.51, calculate the yield to maturity of the bond (assume annual interest payments) Also, indicate whether the bond is a discount/premium /par bond. 5

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