Bond valuation$)$ You are examining three bonds with a par value of $$$$1$ comma $000($you receive $$$$1$ comma $000$ at$$ maturity$)$ and are concerned with what would happen to their market value if interest rates$($or the market discount$$ rate$)$ changed. The three bonds are

Bond Along dasha bond with $4$ years left to maturity that has an annual coupon interest rate of $11$percent$,$ but the interest is paid semiannually.

Bond Blong dasha bond with $11$ years left to maturity that has an annual coupon interest rate of $11$percent$,$ but the interest is paid semiannually.

Bond Clong dasha bond with $17$ years left to maturity that has an annual coupon interest rate of $11$percent$,$ but the interest is paid semiannually.

What would be the value of these bonds if the market discount rate were

a$.11$ percent per year compounded$$ semiannually?

b$.6$ percent per year compounded$$ semiannually?

c$.16$ percent per year compounded$$ semiannually?

d$.$ What observations can you make about these$$ results?