Question: Given below is information about three $1000 par value bonds, each of which pays coupon semiannually. The required rate of return on each bond is

Given below is information about three $1000 par value bonds, each of which pays coupon semiannually. The required rate of return on each bond is 10%. Calculate the value of the bonds and determine whether the bond is selling at discount, premium or par value.

Bond	Coupon Rate (%)	Maturity (years)
1	6	15
2	10	10
3	14	5

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