(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 if interest rates (or the market discount rate) changed. The three bonds are Bond A-a bond with 3 years left to maturity that has an annual coupon interest rate of 6 percent, but the interest is paid semiannually. Bond B-a bond with 7 years left to maturity that has an annual coupon interest rate of 6 percent, but the interest is paid semiannually. Bond C-a bond with 20 years left to maturity that has an annual coupon interest rate of 6 percent, but the interest is paid semiannually. What would be the value of these bonds if the market discount rate were a. 6 percent per year compounded semiannually? b. 3 percent per year compounded semiannually? c. 9 percent per year compounded semiannually? d. What observations can you make about these results? .... a. If the market discount rate were 6 percent per year compounded semiannually, the value of Bond A is $. (Round to the nearest cent.)