Question: Problem 1 3 - 0 2 answer the question. Round your answer to the nearest dollar. $ $ c . Even though interest rates did

Problem 13-02 answer the question. Round your answer to the nearest dollar.
$
$
c. Even though interest rates did not change in a and b, why did the price of the bond change?
The price of the bond with the longer term is than the price of the bond with the shorter term as the investors will collect the -Selectinterest payments and receive the principal within a longer period of time.
d. Change the interest rate in a and b to 6 percent and rework your answers. Assume that the bond pays interest annually. Round your answers to the nearest dollar.
Price of the bond (10 years to maturity): $
Price of the bond (6 years to maturity): $
Even though the interest rate is 6 percent in both calculations, why are the bond prices different?
The price of the bond with the longer term is than the price of the bond with the shorter term as the investors will collect the - Selectinterest payments for a longer period of time.
Problem 13-02 answer the question. Round your answer to the nearest

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