Question: A) Using a financial calculator, solve for the present value of the 10-year bond on its issue date. The bond has a par value of

A) Using a financial calculator, solve for the present value of the 10-year bond on its issue date. The bond has a par value of $1,000, a coupon rate of 10%, and a discount rate of 8%. Note: list each variable and the value entered for that variable.

B) The Broomfield Bricklayers has a bond issue outstanding with an annual coupon rate of 9%. The par value of the bond is $1,000. The bonds current price was $974. If the sale price of this bond was $1,103 a year later. What would the total expected return for the bond be?

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