quired return Assuming th Graph/chart aturity. All else equ: llowing graph maturhy. fotkining graph a. (1) The value of the bend vith 15 years to maturity ins The value of a bond is the present value of the payments its bsuer is contractually obligated to make, from the carrent fime until it matures. The batic model for the value, B0, of a bond is given by the following oquation B0=it=1n(1+rd)t1+M[(1+rd)n1] where B0= value of the bond at time 0 t= annual interest paid in dotiars n= number of years to maturily M= par value in dollars rd= required return on a bond Alernatively, you can find the bond price using a financial calculator or an Excel spreodsheet. When solving for the price of a bond using a financial calculator, you will need to input the fotat number of payments for N, the bonds par value for FV. the periodic coupon payment for PMT, and the annant YTM for W, and then compute PV to find the bond peice. When solving for the price of a bond using an Excel sproadsheet, you will need to entar the values of Rote, Nper, Fv, Prit and Type into the present value function: 12 years, (4)6ysin(5)3