10. You are considering investing in either bond X or bond Y. Both bonds have a par value of $1,000, and a coupon rate of 2%. Bond X has a remaining life of 12 years and Bond Y has a life of 20 years. If the rate of interest on similar bonds were to rise, which of the following would happen: A. The value of Bond X will rise but the value of Bond Y will fall. B. The value of Bond Y will rise but the value of Bond X will fall. C. Both bonds will sell at their par values. D. The value of Bond Y will fall more than the value of Bond X. E. None of the above. 11. A. B. Lacey wants to invest $500 every year beginning now for the next 10 years. How much will she have at the end of 10 years assuming a 3% annual rate of return? $3,396.67 $4,347.69 C. $4,500.00 $5,903.90 None of the above D. E