Bond value and time - Changing requited returns Personal Finance Problem Lynn Parsons is considering investing in either of fwo outstanding bonds. The bonds both have $1,000 par values and 9% coupon interest rates and pay annual interest. Bend A has exactly 7 years to maturity, and bond B has 17 years to maturity a. Calculate the present vahe of bond A if the required rate of return is: (1) 6%,(2)9%, and (3) 12% b. Calculate the present value of bond B if the required rate of retum is (1) 6%,(2)9%, and (3) 12% c. From your findings in parts a and b, discuss the tolationship between time to maturity and changing requied returns. d. If Lynn wanted to minimbe interest rate risk, which bond should she purchase? Why? a. (1) The value of bond A, if the required return is 6% is 4 (Reaind to the nearest cent)