1. A 10-year annual payment corporate bond has a market price of $1,050. It pays annual interest of $100 and its required rate of return is 9 percent. Is the bond correctly priced, overpriced, or underpriced? If it is overpriced or underpriced, then list by how much. Provide steps

A) Correctly priced

B) Overpriced by $14.18

C) Underpriced by $14.18

D) Overpriced by $9.32

E) Underpriced by $9.32