I have a somewhat general question about bonds. So let's take a bond issued 7% for 10 years with a face value of $1000. If market rate of interest is 5%, then this is a premium. So my question is, if it sold at $1050 (for example since it's a premium), then how much money can the buyer make? Just looking to get help with each part of this process, from start to finish for the payments until maturity. If you could do one example with a discount for bond issued 3% for 10 years at $950 that would be great too.