Bond valuation) You are examining three bonds with a par value of 1,000 (you receive $1,000 at maturity) and are concerned with what would happen to their market value in Interest rates (or the market discount rate) changed. The three bonds are u Bond A-a bond with 5 years left to maturity that has an annual coupon Interest rate of 11 percent, but the interest is paid semiannually Bond B-a bond with 11 years left to maturity that has an annual coupon interest rate of 11 percent, but the interest is paid semiannual Bond C-a bond with 19 years left to maturity that has an annual coupon Interest rate of 11 percent, but the interest is paid semiannually What would be the value of these bonds if the market discount rate were mic cal a. 11 percent per year compounded semiannually? 6.5 percent per year compounded semiannually? C. 15 percent per year compounded somiannually? d. What observations can you make about these results? agir If the market discount rate were 15 percent per year compounded semiannually, the value of Bond B is $ 78768 (Round to the nearest cent) rest of the market discount rate were 15 percent per year compounded semiannually, the value of Bond Cia $ 750 41 (Round to the nearest cent) mes The first key relationahip between the bond value and the investor's required rate of return can be observed from the results in parts a, b, and c abovk (Select from the drop-down merus.) the required rate of retum equals the bond's coupon roles in parta, the bond will be at If the required rate of return is less than the band's coupon rate as in part b, the bond will sell at If the required rate of retur exceeds the bond's coupon rate as in parte, the bond will solat bond Click to select your answers) and then click Check