1. Bond Valuation Assume the following information for an existing bond that provides annual coupon payments: Par value = $1,000 Coupon rate = 11 percent Maturity = 4 years Required rate of return by investors = 11 percent a. What is the present value of the bond? b. If the required rate of return by investors was 14 percent instead of 11 percent, what would be the present value of the bond? c. If the required rate of return by investors was 9 percent, what would be the present value of the bond