Midland Utilities has outstanding a bond issue that will mature to its $1,000 par value in 12 years. The bond has a coupon interest rate of 11% and pays interest annually a. Find the value of the bond if the required return is (1) 11%, (2) 15%, and (3) 8%. B. Plot your findings in part a on a set of required return (x axis)-market value of bond (y axis)" axes. c. Use your findings in parts a and b to discuss the relationship between the coupon interest rate on a bond and the required return and the market value of the bond relative to its par value. d. On the same diagram, sketch the following three curves: The value of the bond vs. the number of years to maturity when the required rate of return is 8% The value of the bond vs. the number of years to maturity when the required rate of return is 11%. The value of the bond vs. the number of years to maturity when the required rate of return is 18%. Your sketch should be formatted as follows: Market Value of Bond 12 11 10 4 3 9 8 7 6 5 Time to Maturity (years)