A four-year bond has an 8 coupon rate and a face value of, Finance Basics

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A four-year bond has an 8 coupon rate and a face value of

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 bond or a premium bond or a par bond. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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