Stuck again

Question 13, P9-20 (simil... Part 1 of 5 HW Score: 55%, 11 of 20 points O Points: 0 of 1 Save (Bond valuation relationships) A bond of Telink Corporation pays $110 in annual interest, with a $1,000 par value. The bonds mature in 15 years. The market's required yield to maturity on a comparable-risk bond is 9 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 13 percent or (ii) decreases to 6 percent? c. Interpret your findings in parts a and b. FREE a. What is the value of the bond if the market's required yield to maturity on a comparable-risk bond is 9 percent? (Round to the nearest cent.)