40 49 50 51 (Bond valuation relationships) Stanley, Inc issues 10-year 51.000 bonds that pay $75 annually. The market price for the bonds is $1,035. The market's required yield to maturity on a comparable-risk bond is 7 percent a. What is the value of the bond to you? b. What happens to the value if the markets required yield to maturity on a comparable-risk bond increases to 11 percent or ( decreases to 5 percent? c. Under which of the circumstances in part b should you purchase the bond? a. What is the value of the bond if the market's required yield to maturity on a comparable-risk bond is 7 percent? (Round to the nearest cont 52 53 54 55 56 57 5