(Bond valuation relationships) Stanley, Inc. issues 20-year 1.000 bonds that pay $85 annually . The market price for the bonds is $1,159. The market's required yield to maturity on a comparable-risk bond is 7 percent. a. What is the value of the bond to you? b. What happens to the value if the market's required yield to maturity on a comparable-risk bond (1) increases to 13 percent or decreases to 5 percent? c. Under which of the circumstances in part b should you purchase the bond? a. What is the value of the bond if the market's required yield to maturity on a comparable-risk bond is 7 percent? (Round to the nearest cent) b.) What is the value of the bond if the market's required yield to maturity on a comparable-risk bond increases to 13 percent? (Round to the nearest cent) b.) What is the value of the bond if the market's required yield to maturity on a comparable-risk bond decreases to 5 percent? s (Round to the nearest cent) c. Under which of the circumstances in part (b) should you purchase the bond? (Select from the drop-down menus) it the yield to maturity on a comparable-risk bond purchase the Stanley bonds the current matet price of $1,150 you increases to 13% decreases to 5%