Consider three bonds with 10.31% coupon rates, all selling at face value. The short-term bond has a maturity of 4 years, the intermediate-term bond has maturity 8 years, and the long-term bond has maturity 30 years. a. What will be the price of each bond if their yields increase to 11.9%? (Do not round intermediate calculations. Round your answers to 2 decimal places.) 4 Years $ 8 Years 30 Years Bond price 4 b. What will be the price of each bond of their yields decrease to 8 8%? (Do not round Intermediate calculations. Round your answers to 2 decimal places.) 4 Years 8 Years 30 Years Bond price c Which bond is most sensitive to changes in the interest rates? 4 Year 8 Year 30 Year They are all the same d. When interest rates rise then the price of the bond (Click to select) cAre long-term bonds more or less affected than short-term bonds by a rise in interest rates? More affected Less affected Would you expect long-term bonds to be more or less affected by a fall in interest rates