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 values and 11% coupon interest rates and pay annual interest. Bond A has exactly 10 years to matunty, and bond Bhas 20 years to maturity a. Calculate the present value of bond At the required rate of return is: (1) 8%, (2) 11%, and (3) 14% b. Calculate the present value of bond if the required tate of retumis (1) 8% (2) 119, and (3) 14% c. From your findings in parts a and b discuss the relationship between time to maturity and changing required returns d. Lynn wanted to minimize interest rate nsk which bond should she purchase? Why? a. The value of bond As if the required return in 8% is Round to the nearest cent)