(Bond valuation relationships) Anzona Public Utilities issued a bond that pays $70 in interest, with a $1,000 par value. It matures in 30 years. The market's required yield to maturity on a comparable-risk bond is 6 percent. a. Calculate the value of the bond. b. How does the value change it the market's required yield to maturity on a comparable-risk bond increases to 11 percent or (1) decreases to 5 percent? c. Explain the implications of your answers in part as they relate to interest-rate risk, premium bonds, and discount bonds d. Assume that the bond matures in 10 years instead of 30 years Recompute your answers in parts a and b. e. Explain the implications of your answers in part d as they relate to interest-rate risk, premium bonds, and discount bonds a. What is the value of the bond if the market's required yield to maturity on a comparable risk bondi percont