1) Calculate the value of a $1,000-par-value bond paying quarterly interest at an annual coupon interest rate of 10% and having 10 years until maturity if the required return on similar-risk bonds is currently 12% annual rate paid quarterly. Is this bond selling at par, at a discount, or at a premium? (25 pts)

1) Calculate the value of a $1,000-par-value bond paying quarterly interest at an annual coupon interest rate of 10% and having 10 years until maturity if the required return on similar-isk bonds is currently 12% annual rate paid quarterly. Is this bond selling at par, at a discount, of at a premium? (25 pts)