A)You own a bond that pays $100 in annual interest with a $1,000 par value. It matures in 5 years. Your required rate of return is

1)12 percent

2)10 percent

3) 8 percent

B) How does A) change if we change our maturity to 10 years and the required return is

1)12 percent

2)10 percent

3) 8 percent

C) How does A) change if we change our maturity to 20 years and the required return is

1)12 percent

2)10 percent

3) 8 percent