3. You manage a bond portfolio and would like to calculate the price of a bond with par $1000, issued 3 years ago with 14 years of original maturity, with coupon rate of 12%, paying interest annually. a. Assuming market rate of interest of 10%, what is the value of the bond? b. Market interest rates are expected to increase to 16% next year, what would be the value of the bond next year? c. Also calculate its price if it was with semiannual interest payments. d. Please draw a price graph starting from the issue, taking into account this years and next years prices in parts a and b into account, and fluctuating market rates till its maturity