Here are data on $1,000 par value bonds issued by Microsoft, GE Capital, and Morgan Stanley. Assume you are thinking about buying these bonds. Answer the following questions: a. Assuming interest is paid annually, calculate the values of the bonds if your required rates of return are as follows: Microsoft, 6 percent; GE Capital, 9 percent; and Morgan Stanley 12 percent; where: b. The bonds are selling for the following amounts: Microsoft GE Capital $842 $763 Morgan Stanley $715 What are the expected rates of return for each bond? c. How would the value of the bonds change if (1) your required rate of return (r) increased 2 percentage points or (2) decreased 2 percentage points? d. Explain the implications of your answers in part c in terms of interest rate risk, premium bonds, and discount bonds. a. If your required rate of return on the Microsoft bond is 6 percent, what is the value of the bond? (Round to the nearest cent.)