Assume that three years ago. you purchased a corporate bond that pays 7.00 percent The purchase price was $1,000. Also assume that three years after your bond investment. comparable bonds are paying 6 40 percent. What is the annual dollar amount of interest that you receive from your bond investment? (Do not round intermediate calculations. Round your answer to 2 decimal places)Assuming that comparable bonds are paying 6 40 percent. | at is the approximate dollar price for which you could sell your bond? Approximate market value$tc-1) Did the bond increase or decrease in value? Increased in value Decreased in value Why did the bond increase or decrease in value? Because market rates decreased Because market rates increased