he value change if the yield to maturity on a comparable-risk bond (i) increases to 15 percent or (ii) decreases to 7 percent? c.Explain the implications of your answers in part b as they relate to interest-rate risk, premium bonds, and discount bonds. d.Assume that the bond matures in 4 years instead of 10 years and recalculate your answers in parts a and b. e.Explain the implications of your answers in part d as they relate to interest-rate risk, premium bonds, and discount bonds. 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 12 percent? $ enter your response here(Round to the nearest cent.)