5. How does equity valuation differ from bond valuation? (\ LG 3-3) 6. What happens to the fair present value of a bond when the required rate of return on the bond increases? ( LG34) 7. All else equal, which bond's price is more affected by a change in interest rates, a short-term bond or a long-term bond? Why? ( ( L 3-5) 8. All else equal, which bond's price is more affected by a change in interest rates, a bond with a large coupon or a small coupon? Why