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( Bond valuation relationships ) A bond of Telink Corporation pays $ 1 0 0 in annual interest, with a $ 1 , 0 0

(Bond valuation relationships) A bond of Telink Corporation pays $100 in annual interest, with a $1,000 par value. The bonds mature in 10 years. The market's required yield to maturity on a comparable-risk bond is 9 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 14 percent or (ii) decreases to 5 percent?
c. Interpret your findings 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 9 percent?
please answr all parts (Round to the nearest cent.)
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