Question: Please answer carefully 1. A Macrohard Corp. bond carries an 8% coupon, paid annually and has 10 years to maturity. The par value is $1000

Please answer carefully

Please answer carefully 1. A Macrohard Corp. bond

1. A Macrohard Corp. bond carries an 8% coupon, paid annually and has 10 years to maturity. The par value is $1000 and the required rate of return is 5%. a) Calculate the price of the bond today (P) b) Is this a discount or premium bond? Explain? c) Calculate the price of the bond one year from now (Pi)

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