Question: How does one determine the value of any asset whose value is based on expected future cash flows? How is the value of a bond

  1. How does one determine the value of any asset whose value is based on expected future cash flows?

  1. How is the value of a bond determined? What is the value of a 10-year, $1,000 par value bond with a 10% annual coupon if its required rate of return is 10%?

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