Bond value and changing required returns Midland Utilities has a bond issue outstanding that will mature to its $1,000 par value in 14 years. The bond has a coupon interest rate of 8% and pays Interest annually a. Find the value of the bond if the required return is (1) 8%, (2) 12%, and (3) 5% b. Use your tinding in para and the graph here to discuss the relationship between the coupon interest rate on a bond and the required return and the market value of the bond relative to lis par value. c. Whallwo possible reasons could cause the required relurn to differ from the coupon interest rate? a. (1) The value of the bond if the required return is 8%, is $ 1.000.00 i Graph/Chart (2) The value of the bond, it thu nuquirea return is 12%, ss (Round 2 1,500 1400- 1300 1.2001 1.100 $ 1,00CH 900 809. 700 600 530 Required rem ? Enter your answer in the answer box and then click Check Answer Print Done Check Answer