(Bond valuation relationships) A bond of Telink Corporation pays $120 in annual interest, with a $1,000 par value. The bonds mature in 30 years. The marker' fequired yieid to maturty on a cortharabie-risk bond is 10 peroont. a. Caicuate the value of the bond. b. How does the vatue chanpe if the market's required yield to maturity on a comparable.isk bond (0) increases fo 13 percent of (i) decreases to 4 percert? c. Interpet your findinge in pors a and b. a. What is the value of the bond if the marker's required yield to maturity on a comparable-tikk bond is 10 percent? (Rouns to the nearest cent.)