Two years ago Hillary bought a corporate bond with the time to maturity of 8 years, yield to maturity of 10%, and face value of $1,000. It pays semiannual coupons and the coupon rate of 8%. (a) Did Hillary purchase her bond at a premium, discount, or at par? Par (b) Today Bill bought a different financial asset (not a bond). It pays him equal annual payments for 6 years at the end of each year. The discount rate for this asset is 15%. If the price he paid today for this financial asset was identical to how much Hillary’s bond is worth today, how much will Bill be receiving in future annual payments?