What is the value of a 10-year, $1,000 par value bond with a 10% annual coupon if its required rate of return is 10%?

Ans. The value of this coupon is $1,000

Explanation:

Hi, we have to bring to present value the annual coupons and the principal to be paid in ten years with a 10% discount rate. Take into account that the coupon is going to be $100 (10%*1000). The formula and the math as follows.

n= years

Best of luck.

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