orked: (Related to Checkpoint 9.3) (Bond valuation relationships) You own a bond that pays $120 in annual interest, with a $1,000 par value. It matures in 20 years, The market's required yield to maturity on a comparable-risk bond is 11 percent it Score: a. Calculate the value of the bond. ots: b. How does the value change if the yield to maturity on a comparable-risk bond() increases to 15 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 ubmission d. Assume that the bond matures in 4 years instead of 20 years and recalculate your answers in parts a and b. e. 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 11 percent? Q $ 1079.56 (Round to the nearest cont.) Jestion 1 b. (6) What is the value of the bond if the yield to maturity on a comparable-risk bond increases to 15 percent? Jestion 5 (Round to the nearest cent) uestion 9