A bond with a par value of $1,000, a maturity of 14 years, and an annual interest or coupon rate of 9% sells in the market for $1,100. The market required return for a comparable bond at risk is 10%. Answer or calculate the following: I. Is the bond selling at par, at a premium, or at a discount? explain II. Is the bond being sold in the primary or secondary market? explain III. List two reasons why a company or government issues or sells bonds. a. b. IV. Calculate the bond's yield to maturity. a. YMT= V. Show procedure or what you did to get to that performance. VI. Determine the value of the bond or the price paid, given the required rate of return. a. Price = VII. Show procedure or what you did to determine the price. VIII. Would you buy the bond? explain