Bond value and changing required returns Midland Utilities has a bond issue outstanding that will mature to its $1,000 par value in 17 years. The bond has a coupon interest rate of 8% and pays ir annually a. Find the bond value if the required return is (1) 8%. (2) 12%, and (3) 5% b. Use your finding in part a and the graph here, w, to discuss the relationship between the coupon rate, the regulred retum and the market value of the bond relative to its par value, c. What two possible reasons could cause the required return to differ from the coupon interest rato