34. Consider a five-year, 15 percent annual coupon bond with a face value of $1.000. The bond is trading at a rate of 12 percent. (LG 3-49) a. What is the price of the bond? b. If the rate of interest increases I percent, what will be the bond's new price? c. Using your answers to parts (a) and (b). what is the percentage change in the bond's price as a result of the I percent increase in interest rates? d. Repeat parts (b) and (c) assuming a percent decrease in interest rates e. What do the differences in your answers indicate about the price-interest rate relationships of fixed-rate assets