Itaewon Industries has outstanding P1,000 par-value bond with an 8% coupon interest rate. The bond has 12 years remaining to its maturity date.a. If interest is paid annually, find the value of the bond when the required return is 7%.b. If interest is paid annually, find the value of the bond when the required return is 8%.c. If interest is paid annually, find the value of the bond when the required return is 10%.d. Indicate for each case in (a), (b), and (c) whether the bond is selling at a discount, at a premium, or tis par value.
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