Consider the two bonds described below:
![1196_f.jpg](https://secure.tutorsglobe.com/CMSImages/1196_f.jpg)
a. If both bonds had a required return of 8%, what would the bonds' prices be?
b. 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?
c. If the required return on the two bonds rose to 10%, what would the bonds' pricesbe?