Posted by
**Mybenz** on
.

Benson Incorporated has bonds with the following features: Par value of 1,000, maturity of 12 years, and a coupon rate of 8%.The yield to maturity is 10%. Pleases determine if the bond sells for for a premium, par, or discount and explain your answer. Calculate the value of the bond if interest is paid on an annual basis versus a semi-annual basis. Show your work?