Score:OofTp 7 of 9 (7 complete) HW Score : 70.37%, 6.33 of 9 pts P6-19 (similar to) Question Help * Bond value and time-Changing required returns Personal Finance Problem Lynn Parsons is considering investing in either of two outstanding bonds The bonds both have S 1,000 par values and 9% coupon interest rates and pay annual interest. Bond A has exactly 5 years to maturity, and bond B has 15 years to maturity a. Calculate the present value of bond A if the required rate of return is: (1) 6%, (2) 9%, and (3) 12%. b. Calculate the present value of bond B if the required rate of retum is: (1) 6%, (2) 9%, and (3) 12%. c. From your findings in parts a and b, discuss the relationship between time to maturity and changing required returns d. If Lynn wanted to minimize interest rate risk, which bond should she purchase? Why? a.(1 ) The value of bond A, if the required return is 6%, is (Round to the nearest cent)