ur (Bond valuation relationships) A bond of Telink Corporation pays $110 in annual interest, with a 51,000 par value The bonds mature in 30 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 14 percent or decreases to 4 percent? c. Interpret your findings in parts a and b. 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.)