Bond value and timelong dash Changing required returnsPersonal Finance Problem Lynn Parsons is considering investing in either of two outstanding bonds. The bonds both have $1 comma 000 par values and 8 % coupon interest rates and pay annual interest. Bond A has exactly 10 years to maturity, and bond B has 20 years to maturity. a.Calculate the present value of bond A if the required rate of return is: (1) 5 %, (2) 8 %, and (3) 11 %. b.Calculate the present value of bond B if the required rate of return is: (1) 5 %, (2) 8 %, and (3) 11 %. 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?