(Bond valuation relationships)A bond of Visador Corporation pays $ in annual interest, with a $ par value. The bonds mature in years. The market's required yield to maturity on a comparable-risk bond is 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 percent or (ii) decreases to percent? c.Interpret your finding in parts a and b. Question content area bottom Part 1 a.What is the value of the bond if the market's required yield to maturity on a comparable-risk bond is percent? $ enter your response here(Round to the nearest cent.) Part 2 b. (i)What is the value of the bond if the market's required yield to maturity on a comparable-risk bond increases to percent? $ enter your response here (Round to the nearest cent.) Part 3 b. (ii)What is the value of the bond if the market's required yield to maturity on a comparable-risk bond decreases to percent? $ enter your response here(Round to the nearest cent.) Part 4 c.The change in the value of a bond caused by changing interest rates is called interest-rate risk. Based on the answers in part b, a decrease in interest rates (the yield to maturity) will cause the value of a bond to increase be unchanged decrease ; by contrast, an increase in interest rates will cause the value to increase be unchanged decrease . (Select from the drop-down menus.) Part 5 Also, based on the answers in part b, if the yield to maturity (current interest rate): equals the coupon interest rate, the bond will sell at par a discount a premium ; exceeds the bond's coupon rate, the bond will sell at par a discount a premium ; and is less than the bond's coupon rate, the bond will sell at par a discount a premium . (Select from the drop-down menus.)