PLEASE answer fully and fill in the blanks. Also, point out the answer clearly.

4-3: Bond Valuation Problem 4-9 Bond Valuation and Interest Rate Risk The Garraty Company has two bond issues outstanding. Both bonds pay $100 annual interest plus $1,000 at maturity. Bond L has a maturity of 15 years, and Bond S has a maturity of 1 year. . What will be the value of each of these bonds when the going rate of interest is S%, Assume hat there is only one more interest payment to be made on Bo S Round your an s sto the nearest cent . Bond L Band S 2. what ill be the value of each of these bonds when the going rate of interest is 9%? Assume that there is only 0 e more terest payment to be made on Brds. Round your answers to th nearest cent Bond L 3, what will be the value of each of these bonds when the going rate of interest is 13%? Assume that there is only one more interest payment to be made on Bond Round your answers to the nearest cent. Bond L Bond S b. Why does the longer-term (15-year) bond fluctuate more when interest rates change than does the shorter-term bond (1 year)? Select I. Longer-term bonds have more interest rate risk than shorter-term bonds. II. Shorter-term bonds have more interest rate risk than longer-term bonds. reinvestment rate riskt