The selling price for a bond with a $1,000 par value and a 9
percent annual coupon rate is $1,100. It will mature in 14 years,
and annual coupon payments are made at the end of each year.
Present annual yields on similar bonds are 10 percent. Please
answer or calculate the following questions:
1. Are the bonds selling at par value, discount
or premium? Explain
2. Are the bonds selling in the primary or
secondary market? Explain
3. Mention two reason why...