QUESTIONS You own a bond with a par value of $2,000 that pays $200 lopen. The bond matures in 17 years. Your required rate of return is 125 px a. Calculate the value of the bond. b. How does the value of the bond change if your required rate of return D) increases to 15% pa, or ii) decreases to 8% per annum? c. Assume that the bond matures in 8 years instead of 17 years. Recompute your answers to part (b)