b) Assume a 10-year, $1,000 par value bond with a 19 percent annual coupon if its required rate of return is 10 percent what is the value of the bond? (3) 1) What would be the value of the bond described in part bif, just after it had been issued, the expected inflation rate rose by 3 percentage points? Would we now have a discount or a premium bond? (3) 11) What would happen to the bonds' value if inflation fell, by 3 %? Would we now have a premium or a discount bond? (3)