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Here are data on ?$1,000 par value bonds issued by? Microsoft,GE? Capital, and Morgan Stanley. Assume you are thinking aboutbuying these bonds. Answer the following? questions:a. Assuming interest is paid? annually, calculate the values ofthe bonds if your required rates of return are as? follows:Microsoft, 5.5 percent; GE? Capital, 16.5 ?percent; and Morgan?Stanley, 12? percent; where:MICROSOFTGE CAPITALMORGAN STANLEYCoupon interest rate?????5.25%????????7.50%????8.00%Years to maturity???????????26???????????????????????22?????????????????????18????????????b. The bonds are selling for the following? amounts:Microsoft $1,057 GE Capital $547 Morgan Stanley $809What are the expected rates of return for each? bond?c. How would the value of the bonds change if? (1) your requiredrate of return increased 2percentage points or? (2) decreased 2 percentage? points?d. Explain the implications of your answers in part ?(c?) interms of interest rate? risk, premium? bonds, and discountbonds.e. Should you buy the? bonds? Explain.