Question: Bond value and changing required returns. Midland Utilities has a bond issue outstanding that will mature to is $1,000 par value in 20 years. The

Bond value and changing required returns. Midland Utilities has a bond issue outstanding that will mature to is $1,000 par value in 20 years. The bond has a coupon interest rate of 11% and pays annually.

A. Find the value of the bond, if the required return is 11%, 15% and 8%.

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