A $1000 par value, 15 year, 9.75% coupon bond was purchased five years ago. Calculate the bond premium if the required rate of return in the bond market is 3.75%

Name: A $1000 par value, 15 year, 9.75% coupon bond was purchased five years ago. Calculate the bond premium if the required rate of return in the bond market is 3.75%
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The Answer of A $1000 par value, 15 year, 9.75% coupon bond was purchased five years ago. Calculate the bond premium if the required rate of return in the bond market is 3.75%

A $1000 Par Value, 15 Year, 9