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How is the value of a bond determined? what is the value of a 10-years, $1,000 par value bond with a 7 percent annual coupon

How is the value of a bond determined? what is the value of a 10-years, $1,000 par value bond with a 7 percent annual coupon if its required rate of return is 12 percent? is this a discount or a premi...

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