Price risk: Face Amount Bond values at different interest rates 6% 8% 10% 12% 14% $48,000,000 $936.02 $858.06 $787.65 $724.00 $666.38 $32,000,000 $1,220.50 $1,021.62 $865.49 $741.91 $643.24 $100,000,000 $1,852.30 $1,496.78 $1,239.61 $1,049.26 $905.12 $64,000,000 $1,176.89 $932.87 $760.39 $635.51 $542.85 Face Percentage change from bond value at 10% interest rate Amount 6% 8% 10% 12% 14% $48,000,000 19% 9% $32,000,000 41% 18% $100,000,000 49% 21% $64,000,000 55% 23% 0% -8% -15% 0% -14% -26% 0% -15% -27% 0% -16% -29%