P9-20 (similar to) Question Help (Bond valuation relationships) A bond of Telink Corporation pays $100 in annual interest, with a $1,000 par value. The bonds mature in 10 years. The market's required yield to maturity on a comparable-risk bond is 8 percent. 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 12 percent or (M) decreases to 6 percent? c. Interpret your findings in parts a and b. a. What is the value of the bond if the market's required yield to maturity on a comparablo-risk bond is 8 percent? (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer 4 parts remaining A w P MacBook Air