Interest Rate Risk Consider three bonds with 11.67% coupon rates, all selling at face value. The short-term bond has a maturity of 4 years, the Intermedlate-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 thelr ylelds increase to 13.4% ? (Do not round Intermedlate calculations. Round your answers to 2 decimal places.) b. What will be the price of each bond If thelr ylelds decrease to 11.1% ? (Do not round Intermedlate calculations. Round your answers to 2 decimal places.) c. Which bond Is most sensitive to changes in the Interest rates? 4Year8Year30YearTheyareallthesame d. When Interest rates rise then the price of the bond c. Are long-term bonds more or less affected than short-term bonds by a rise In Interest rates? More affected Less affected d.Would you expect long-term bonds to be more or less affected by a fall in Interest rates? More affected Less affected