a. What will the value of the Bond L be If the going interest rate is 7%,9%, and 12%7 Assume that only one more interest puyment is to be made on Eand 5 at its maturity and that 13 more payments are to be made on Bond L. Round your answers to the nearest cent; b. wry ates the longer-term bond's price vary more than the price of the shorter-term bond when intereut rates change? 1. Long-term bonds have lower interest rate risk than do short-term bonds. 11. Long-term bends have lower reinvestment rate risk thon do short-term bonds. 111. The change in price due to a change in the required rate of return increases as a bonds maturity decreases: IV. Long-term bonds have greater interest rate risk than do short-term bands. v. The change in price due to a change in the required rate of return decreases as a bonds maturity increases