(Bond valuation relationships) A bond of Telink Corporation pays $110 in annual interest, with a $1,000 par value. The bonds mature in 20 years. The machefs requred yeld to matirty on a comparable-risk bond is 9 percent. a. Caloulate the value of the bond: b. How does the value change if the market's required yeld to maturiy on a comparabie-fisk bond (0) nereases to 12 percent or (i) decreases to 6 percent? c. Interpret your findings in parts a and b a. What is the value of the bond if the markers requred yeid to maturity on a comparabil-risk bond is 9 percent? (Round to the nearest cent)