Question: Please be descriptive when answering the question. How is the value of a bond determined? What is the value of a 10-year, $1,000 par value

Please be descriptive when answering the question.

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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