Based on note 7, have interest rates on long-term debt increased or decreased since the long-term debt was issued? How did you determine that answer?

.FAIR VALUE OF FINANCIAL INSTRUMENTS The fair values of cash, cash equivalents, and short-term borowings approximate the carrying amounts due to the short maturities of these instruments. We determine the fair values of currency derivatives and long-tem debt as discussed in Note 6 Below is a comparison of the fair values and carrying amounts ofthese instruments: 2016 2017 Carrying Amount Carrying Amount Fair Value Value April 30 Assets: 263 S Cash and cash equivalents Currency derivatives 182 25 263 S 182 S 25 19 19 Liabilities: Currency derivatives Short-term borrowings Current portion of long-tem debt Long-term debt 10 271 10 211 249 1,689 10 211 249 1,752 271 1,230 1,293