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can you please answer this right? (Related to Checkpoint 9.3) (Bond...

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can you please answer this right?
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(Related to Checkpoint 9.3) (Bond valuation relationships) You own a bond that pays $120 in annual interest, with a $1,000 par value. It matures in 20 years. The market's required yield to maturity on a comparable-risk bond is 11 percent a. Calculate the value of the bond b. How does the value change if the yield to maturity on a comparable-risk bond (1) increases to 14 percent or (l) decreases to 6 percent? c. Explain the implications of your answers in part b as they relate to interest-rate risk, premium bonds, and discount bonds. d. Assume that the bond matures in 3 years instead of 20 years and recalculate your answers in parts a and b e. Explain the implications of your answers in part d as they relate to interest-rate risk, premium bonds, and discount bonds. BE a. What is the value of the bond if the market's required yield to maturity on a comparable-risk bond is 11 percent? (Round to the nearest cent.)

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