Bond value and time - Changing required returns Personal Finance Problem Lynn Parsons is considering investing in either of two outstanding bonds. The bonds both have $1,000 par valuos and 9% coupon interest rates and pay annual interest. Bond. A has oxactly 5 years to maturity, and bond 8 has 15 years to maturity. a. Calculate the present value of bond A if the required rate of return is: (1) 6%, (2) 9%, and (3) 12%. b. Calculate the present value of bond 8 if the required rate of return is: (1) 6%, (2) 9%, and (3) 12%. c. From your findings in parts a and b, disouss the relationship betwoen time to maturty and changing required returns. d. If Lynn wanted to minimize interest rete risk, which bond should she purchase? Why? a. (1) The value of bond A, if the required retum is 6%, is 3 (RRound to the noarest cent.)