Question: - Problem - Suppose that Proctor & Gamble issued a bond that has seven years remaining until maturity, a $1000 face value, and a 4%

$- Problem - Suppose that Proctor \& Gamble issued a bond$

- Problem - Suppose that Proctor \& Gamble issued a bond that has seven years remaining until maturity, a $1000 face value, and a 4% coupon rate with annual coupon payments. If the current market interest rate is 3%, what is bond's premium or discount? What if the current market rate is 6%

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