Question: please show work Question 4. Bond pricing (2 points) A municipal bond with a par value of $1,000 and a maturity of 5 years has

please show work

Question 4. Bond pricing (2 points) A municipal bond with a par value of $1,000 and a maturity of 5 years has a coupon rate of 7% paid annually and the required rate of return for investors is 5%. a) Calculate the bond value. b) Does the bond sell at par, premium, or discount? Explain why

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