Musterl Manufacturing Corporation (MMC) has an issue of 5-year, 9% annual coupon bonds outstanding. The bonds, which were originally issued 15 years ago, have a face value (FV) of $1,000, a yield to...

Musterl Manufacturing Corporation (MMC) has an issue of 5-year, 9% annual coupon bonds outstanding. The bonds, which were originally issued 15 years ago, have a face value (FV) of $1,000, a yield to maturity (YTM) of 12%, and are noncallable. What is the current market price of MMC’s bonds? (Note: Do not round your intermediate calculations.)

Are the bonds of Musterl Manufacturing Corporation selling at a discount, at par, or at a premium?

What is the current yield on Musterl Manufacturing Corporation’s outstanding bonds?

What is the expected one-year capital gain yield on the bonds of Musterl Manufacturing Corporation?