C. less or higher. smaller or higher

d. less or higher. smaller or higher

eBook Problem 13-02 a. A $1,000 bond has a 5.5 percent coupon and matures after eleven years. If current interest rates are 9 percent, what should be the price of the bord? Assume that the bond pays interest annually. Use Appendix 3 and Appendix to answer the question. Round your answer to the nearest dolar $ b. If after five years interest rates are still 9 percent, what should be the price of the bond? Use Appendix and Apendix to answer the question Assume that the band pays interest inually. Round your answer to the nearest dollar c. Even though interest rates did not change in aand, why did the price of the bond change? The price of the bond with the longer term is Select than the price of the bond with the shorter term as the investors will collect the western and receive the principal within a longer period of time d. Change the interest rate in and to a percent and rework your answers, Ansure that the hand pays interest annually Round your serveret Price of the bond (eleven years to maturity): 5 Price of the band (six years to maturity): $ Even though the interest rate is 4 percent in both calculations are the bond prices diferent? The price of the bond with the longer term is Select than the price of the bond with the shorter tem as the protest for a longer period of time Onko