Based on the information in the figure below, please analyze what will happen to the returns on bonds of different maturities when interest rates rise?

TABLE 3.2 One-Year Returns on Different-Maturity 10% Coupon Rate Bonds When Interest Rates Rise from 10% to 20% (2) (3) (4) (5) (6) (1) Years to Maturity When Bond Is Purchased Initial Current Initial Rate of Capital Gain (%) Price Next Year* ($) Rate of Return (2 + 5) (%) Yield (%) Price ($) 30 10 503 -49.7 -39.7 20 10 516 -48.4 -38.4 10 10 597 -40.3 -30.3 1,000 1,000 1,000 1,000 1,000 1,000 5 10 741 -25.9 -15.9 2 10 917 -8.3 + 1.7 1 10 1,000 0.0 +10.0 *Calculated with a financial calculator using Equation 3. More generally, for any coupon bond, C C F P= + + + + + (3) (1 + i) (1 + i) (1 + i) (1 + i)" (1 + i)