Give the formula for calculating the present value of a bond that will pay a coupon of

Question:

Give the formula for calculating the present value of a bond that will pay a coupon of $100 per year for 10 years and that has a face value of $1,000.

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...