a. Calculate the value of the bond. b. How does the value change if the market's required yield to maturity on a comparable-risk bond (i) increases to 12 percent or (ii) decreases to 6 percent? c. Interpret your finding in parts a and b. a. What is the value of the bond if the market's required yield to maturity on a comparable-risk bond is 7.5 percent? (Round to the nearest cent.) b. (i) What is the value of the bond if the market's required yield to maturity on a comparable-risk bond increases to 12 percent? (Round to the nearest cent.) b. (ii) What is the value of the bond if the market's required yield to maturity on a comparable-risk bond decreases to 6 percent? (Round to the nearest cent.) ; by contrast, an increase in interest rates will cause the value to (Select from the drop-down menus.) Also, based on the answers in part b, if the yield to maturity (current interest rate): equals the coupon interest rate, the bond will sell at exceeds the bond's coupon rate, the bond will sell at ; and is less than the bond's coupon rate, the bond will sell at (Select from the drop-down menus.)