3. JetBlack has a bond outstanding with a face value of $1,000 and a coupon rate of 11%. It has 12 years left to maturity and it pays interest semi-annually. a. If yield to maturity is 9% would the bond sell at a discount, at par value, or at a premium? Explain why. b. Calculate bond value for a 9% YTM. c. If yield to maturity is 11%, would the bond sell at a discount, at par value, or at a premium? Explain why. d. Calculate bond value for an 11% YTM. e. If yield to maturity is 13%, would the bond sell at a discount, at par value, or at a premium? Explain why. f. Calculate bond value for a 13% YTM.