3 ABC Public Utilities issued a bond that pays $40 in semi-annual interest, with a $1,000 par value. It matures in 20 year. The market's required rate of return on a comparable-risk bond is 7%. a. What is a coupon interest rate? b. Calculate the value of the bond c. Calculate the current yield d. Is this a premium bond or discount bond? e. Will the value of the bond rise or fall when there are ten years remaining until maturity? f. How does the value change if the market's required rate of return on a comparable-risk bond (i) increases to 10% or (ii) decreases to 4%? g. Assume that the bond matures in 10 years instead of 20 years. Recompute your answers above (f.)