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eBook Problem Walk-Through An investor has two bonds in his poltfolio that have a face value of $1,000 and pay a J20/o ann a coupon a. what will the value of the Bond L be if the going interest rate is 7%, 9%, and 13%. Assume that only Bo ne d ore 1 terestpaymn 'i hl'le80hffS ature tix year. 'b ade on Bond "tits matrity nd tnat ti more payments are to be made on Bond Lv Round your answers to the nearest cent. 7% Bond L $ Bond S $ 90/o b. Why does the longer-term bond's price vary more than the price of the shorter-term bond when interes rates ch I. Long-term bonds have lower reinvestment rate risk than do short-term bonds. II. The change in price due to a change in the required rate of return increases as a bond's maturity de re se . III. Long-term bonds have greater interest rate risk than do -short-term bonds. IV. The change in price due to a change in the required rate of return decreases as a bond's maturi ein rease V. Long-term bonds have lower interest rate risk than do short-term bonds.