Homework: Chapter 9 Homework Save Score: 0 of 1 pt 3 of 5 3 complete) HW Score: 20%, 1 of 5 pts P9-19 (similar to) Question Help 0 (Bond valuation relationships) Arizona Public Utilities issued a bond that pays $70 in interest, with a $1,000 par value. It matures in 30 years. The markers required yield to maturity on a comparable-risk bond la percent a. Calculate the value of the bond. b. How does the value change if the market's required yield to maturity on a comparable-risk bond() increases to 11 percent or (1) 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 10 years instead of 30 years. Recompute your answers in parts a and b. .. Explain the implications of your answers in part d as they relate to interest rate risk, premium bonds, and discount bonds. a. What is the value of the bond if the market's required yield to maturity on a comparable-risk bond is 8 percent? (Round to the nearest cont.)