Minnesota Uites issued a bond that pays 590 in interest with $1000 par value. It matures in 15 years. The master comparable nisk bond is 7% 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 10% od to c. Explain the implications of your answers in part b as they related to interest rate risk, premium bonds and discount bonds Optional Excel sheet to draft your work. Write all the answers in the below answer box Paragraph B TEIE Minnesota Utilities issued a bond that pays 590 in interest with 51000 par value. It matures in 15 years. The mancare comparable risk bond is 756 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 10% or decreases to c. Explain the implications of your answers in part b as they related to interest rate risk premium bonds and discount bonds Optional Excel sheet to draft your work Write all the answers in the below answer box Paragraph B TEEP2 DOLL