23. Bonds and Interest Rates: (5 points each, 20 points total): do brod location (a) Write out the formula for bond interest rates. BE SURE TO WRITE THE FORMULA IN FULL WORDS NOT JUST ABBREVIATIONS. It is ok to use mathematical symbols. Bond Interest race or ID = Interest Payment Price of Bond is opo (b) If the interest rate on the bond is 15%, the unemployment rate is 3%, the interest payment or coupon on the bond is $30, the inflation rate is 6%, then plug the correct numbers into the formula for the bond interest rate that you wrote in (a). Note: use of abbreviations are OK in answering part (b). Ite 15% = 630 (c) Calculate the price of the bond will be (be sure to show your calculation starting with what you wrote in (b): (d) If the price of the bond went up, then what would happen to the interest rate on the bond? Please write your answer in words, not abbreviations or symbols. If the the price Interest rate of the bond goes up P than ques down &