Hi, I am confused about the concepts, could you please explain the correct answer for me? Thank you so much!

If market interest rates go from 5.00% to 5.50%, which of the following are true? I} Market interest rates have increased by5 basis points. II) Market interest rates have increased by 50 basis points. III) Bonds currently trading in the market will increase in value. IV} Bonds currently trading in the market will decrease in value. 0 | only 0 ll only 0 land Iii only 0 land IV only 0 Hand ill only O "and N only