A 15. My dad promises me a cash gift of $15,000 gift 3 years from today if I graduate from college in 3 years. What is the value of this gift today if the time value of money is 3%? $11,591.15 $11,958.55 $12.200.11 D. $14,307.21 B. C. E. None of the above 16. B. Which of the following statements is incorrect? A. When interest rates rise, bond prices fall. Long term bonds are riskier than short term bonds, holding everything else constant. C. A convertible bond can be converted into a specified number of common shares of the issuer before the bond expires. D. A callable bond can be redeemed before maturity by the issuer. E. All of the above are true