3. Consider the two bonds described below: Bond A Bond B Maturity 15 yrs 20 yrs Coupon Rate (Paid semiannually) 10% 6% Par Value $1,000 $1,000 (a) If both bonds had a required return of 8%, what would the bonds prices be? [5 Marks] (b) Describe what it means if a bond sells at a discount, a premium, and at its face amount (par value). Are these two bonds selling at a discount, premium, or par? [5 Marks] (c) If the required return on the two bonds rose to 10%, what would the bonds prices be? [5 Marks]