Homework: HW_CH7 Save Score: 0 of 5 pts 3 of 102 completo) HW Score: 8.33%, 3 of 36 pts Problem 7-7 (similar to) (Bond relationship) Mason, Inc. has two bond issues outstanding, cated Series A and Series , both paying the same annual interest of $80. Series A has a maturity of 12 years, whereas Series Bhas a maturity of 1 year. a. What would be the value of each of these bonds when the going interest rate is (t) 6 peront, (2) 9 percent, and (3) 14 percent? Assume that there is only one more interest payment to be made on the Series B bonds. b. Why does the longer-term (12-year) bond fluctuate more when interest rates change than does the shorter-term (1-year) bond? a. When the going interest rate is 6 percent, the value of Series A bonds would be $. (Round to the nearest cont.)