Assume the interest rate in the market $($yield to maturity$)$ goes down to $8$ percent for the $10$ percent bonds. Using column $2,$ indicate what the bond price will be with a $10-$year, a $15-$year, and a $20-$year time period. Assume the interest rate in the market $($yield to maturity$)$ goes up to $12$ percent for the $10$ percent bonds. Using column $3,$ indicate what the bond price will be with a $10-$year, a $15-$year, and a $20-$year period. Assume the interest rate in the market $($yield to maturity$)$ goes down to $8$ percent for the $10$ percent bonds. If interest rates in the market are going down, which bond would you choose to own? multiple choice $110$ year$15$ year$20$ yearAssume the interest rate in the market $($yield to maturity$)$ goes up to $12$ percent for the $10$ percent bonds. If interest rates in the market are going up$,$ which bond would you choose to own? multiple choice $210$ year$15$ year$20$ year Table $10-2$ Impact of time to maturity on bond prices$(10\%$ Interest Payment, Various Times to Maturity$)$Time Period in years to MaturityBond Price with $8\%$ Yield to MaturityBond Price with $12\%$ Yield to Maturity$0$$ $1,000\mathrm{.}00$$ $1,000\mathrm{.}0011,018\mathrm{.}52982\mathrm{.}1451,079\mathrm{.}85927\mathrm{.}90101,134\mathrm{.}20887\mathrm{.}00151,171\mathrm{.}19863\mathrm{.}78201,196\mathrm{.}36850\mathrm{.}61251,213\mathrm{.}50843\mathrm{.}14301,225\mathrm{.}16838\mathrm{.}90$