Assume that three years ago, you purchased a $$1,000$ corporate bond that pays $4\mathrm{.}00$ percent. Also assume that three years after your bond investment, comparable bonds are paying $4\mathrm{.}65$ percent.

What is the annual dollar amount of interest that you receive from your bond investment?

Assuming that comparable bonds are now paying $4\mathrm{.}65$ percent, will your bond increase or decrease in value?

Why did the bond increase or decrease in value?