marigold merchants has an outstanding issue of $1000 par value bonds with an 8% coupon interest…

marigold merchants has an outstanding issue of $1000 par value bonds with an 8% coupon interest rate.the issue pays interest annually and has 15years remaining to its maturity date.bonds of similar risk are currently yielding a10% rateof return. what is the value of these marigold merchant bonds? is the bond selling at a discount or premium,and why?b. marigold merchant also has an outstanding issue of $1000 par value bonds with a 12% interest rate. the issue pays interest semiannuallh and has 10 years remaining to maturity. bonds of similar risk are currently selling to yield a 10% rate of return. what is the value of these marigold merchant bonds? is the bond selling at a discount or premium, and why?