Lynn Parsons is considering investing in either of two oustanding bonds. The bonds both have $1,000 par values and 11% coupon interest rates and pay annual interest. Bond A has exactly 5 years to maturity, and bond B has 15 years to maturity. a. Calculate the value of bond A if the required return is (1) 8%, (2) 11%, and (3) 14%. b. Calculate the value of bond B if the required return is (1) 8%, (2) 11%, and (3) 14%. c. From your findings in parts a and b, complete the following table, and discuss the relationship between time to maturity and changing required returns. Required Return Value of Bond A Value of Bond B 8% ? ? 11% ? ? 14% ? ?