Smart technologies $1000 par value, 14 year bonds pay 9% interest annually. the bond is selling at $1,00 . your required rate of return is 10%
A. Compute the bond's expected rate of return
B. Determine the value of the bond to u, given you are required rate of return.
C. Should u purchase the bond? Describe in detail
Kindly answer in ms word format with formulas n calculations well explained. No ms-excel please