Question: 1. Bones Ely owns a $1000 face value bond with 3 years to maturity. The bond makes annual interest payments of $75, the first to

1. Bones Ely owns a $1000 face value bond with 3 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 discount rate of 10%, should Bones hold or sell the bond?

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