Homework: HW Ch6 Question 4, P6-19 (similar to) Part 1 of 8 HW Score: 11.11%, 10 of 90 points Points: 0 of 10 Save Bond value and time-Changing required returns Personal Finance Problem Lynn Parsons is considering investing in either of two outstanding bonds. The bonds both have $1,000 par values and 8% coupon interest rates and pay annual interest. Bond A has exactly 6 years to maturity, and bond B has 16 years to maturity. a. Calculate the present value of bond A if the required rate of return is: (1) 5%, (2) 8%, and (3) 11%. b. Calculate the present value of bond B if the required rate of return is: (1) 5%, (2) 8%, and (3) 11%. c. From your findings in parts a and b, discuss the relationship between time to maturity and changing required returns. d. If Lynn wanted to minimize interest rate risk, which bond should she purchase? Why?