drop down options: (falls, rises)

Assuming that the current interest rate is 3 percent, compute the present value of a five-year, 5 percent coupon bond with a face value of $1,000. What happens when the interest rate goes to 4 percent? What happens when the interest fate goes to 2 percent? Instructions: Enter your responses rounded to the nearest penny (two decimal places). Do not found intermediate calculations. PVat an interest rate of 3%=$ PVat an interest rate of 4%=$ The present value when the interest rate nises to 4 percent. PVat an interest rate of 2%=$ The present value When the interest tate falls to 2 percent