Question: How do interest rates affect bond prices? Bond prices increase when interest rates rise. Bond prices are set by the corporation and have nothing to

How do interest rates affect bond prices?
Bond prices increase when interest rates rise.
Bond prices are set by the corporation and have nothing to do with interest rates.
Bond prices decrease when interest rates rise.
Interest rates and bond prices are unrelated.
Interest rates have no effect on bonds with maturities over 10 years.

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