Here are data on $1,000 par value bonds issued by Microsoft, GE Capital, and Morgan Stanley at the end of 2020. Assume you are thinking about buying these bonds. Answer the following questions: 1. Assuming the interest is paid annually, calculate the values of the bonds if your required rates of return of Microsoft, GE Capital, and Morgan Stanley are 6%, 8%, and 10%, respectively. In addition, the information on coupon rates and maturity is given in the following table. Microsoft GE capital Morgan Stanley 7.25% 4.25% 4.75% Coupon rate Maturity 30 10 5 2. At the end of 2020, the bond prices are as follows: a. Microsoft $1,100 b. GE Capital $1,030 c. Morgan Stanley $1,015 What were the expected rates of return for each bond (Hint: expected rate of return is calculated based on bond prices, not the intrinsic value)? Here are data on $1,000 par value bonds issued by Microsoft, GE Capital, and Morgan Stanley at the end of 2020. Assume you are thinking about buying these bonds. Answer the following questions: 1. Assuming the interest is paid annually, calculate the values of the bonds if your required rates of return of Microsoft, GE Capital, and Morgan Stanley are 6%, 8%, and 10%, respectively. In addition, the information on coupon rates and maturity is given in the following table. Microsoft GE capital Morgan Stanley 7.25% 4.25% 4.75% Coupon rate Maturity 30 10 5 2. At the end of 2020, the bond prices are as follows: a. Microsoft $1,100 b. GE Capital $1,030 c. Morgan Stanley $1,015 What were the expected rates of return for each bond (Hint: expected rate of return is calculated based on bond prices, not the intrinsic value)