Question: Pleas show work and formulas in and using EXCEL for each question. Thanks! P6-19 Bond value and time: Changing required returns Lynn Parsons is considering

Pleas show work and formulas in and using EXCEL for each question.Pleas show work and formulas in and using EXCEL for each question. Thanks!

P6-19 Bond value and time: Changing required returns Lynn Parsons is considering investing in either of two outstanding bonds. The bonds both have $1,000 par values and 11% coupon rates and pay annual interest. Bond A has exactly 5 years to maturity, and bond B has 15 years to maturity. a. Calculate the value of bond A if the required return is (1) 8%, (2) 11%, and (3) 14%. b. Calculate the value of bond B if the required return is (1) 8%, (2) 11%, and (3) 14%. c. From your findings in parts a and b, complete the following table, and discuss the relationship between time to maturity and changing Value of bond A Required return 8% 11 14 Value of bond B ? ? 2 ? ? d. If Lynn wants to minimize interest rate risk, which bond should she purchase? Why

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