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 14% coupon interest rates and pay annual interest Bond A has exactly 8 years to maturity, and bond B has 18 years to maturity a Calculate the present value of bond Ait the required rate of return is. (1) 11%, () 14%, and (3) 17% b. Calculate the present value of bond B if the required rate of return is: (1) 11%, (2) 14%, and (3) 17% c. From your findings in parts a and b, discuss the relationship between time to maturity and changing required returns d. If Lynn wanted to minimize interest rate risk, which bond should she purchase? Why