Question: Bones Ely owns a $1,000 face-value bond with three years to maturity. The bond makes annual interest payments of $75, the first to be made

Bones Ely owns a $1,000 face-value bond with three years to maturity. The bond makes annual interest payments of $75, the first to be made one year from today. The bond is currently priced at $975.48. Given an appropriate of 10%, should Bones hold or sell the bond?

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