Wk 3

How is the value of a bond determined? What is the value of a 10-year, $1000 par value bond with a 10% annual coupon if its required rate of return is 10%?

PLEASE READ: Will need it in PP 1 or 2 slides/responding to the questionS. Also, in the notes of the PP include a full-in-depth explanation responding to the question with citations.