please help d and e

(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 10 percent a Calculate the value of the bond 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 d. Assume that the bond matures in 3 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 S 812 22 (Round to the nearest cent) b. (6) What is the value of the bond if the yield to maturity on a comparable-risk bond decreases to 7 percent? $ 1529 71 (Round to the nearest cent) c. The change in the value of a bond caused by changing interest rates is called interest-rate risk Based on the answers in part ba decrease in interest rates (the yield to maturity) will cause the value of a bond to increase by contrast, an increase in interest rates will cause the value to decrease (Select from the drop-down menus) Also, based on the answers in part b, if the yield to maturity (current interest rate) equals the coupon interest rate, the bond will sell at par exceeds the bond's coupon rate, the bond will sell at a discount and is less than the bond's coupon rate the bond will sell at a premium (Select from the drop-down menus) d. Assume the bond matures in 3 years instead of 20 years, what is the value of the bond if the yield to maturity on a comparable-risk bond is 10 percent? (Round to the nearest cent)