FINANCE-Consider the two bonds described below.

Consider the two bonds described below. Bond A Bond Bmaturity (years) 15 20Coupon Rate (%) 10% 6%(Paid semi annually) $1,000 $1,0000If both bonds had a required return of 8%, what would the bonds’ prices be?Describe what it means if a bond sells at a discount, a premium, and at its face amount (par value). Are these two bonds selling at a discount, premium or par?If the required return on the two bonds rose to 10%, what would the bonds’ prices be?would like to see the equation how the answer was found so I can learn it. 🙂

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