bond is 7.5 percent. 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 11 percent or (ii) decreases to 4 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.)