(a) You own a bond that pays Rs 120 in annual interest, with a Rs 1,000 par value. It matures in 15 years. Your required rate of return is 12% per annum. (i) Calculate the value of the bond. [3 marks] (ii) How does the value of the bond change if your required return increases to 15% [2 marks] (iii) How does the value of the bond change if your required return decreases to 8% (iv) Draw an appropriate yield curve and explain the relationship. [2 marks] [3 marks]