Price the following bonds at discount rates of 10% and 15%. Each bonds face/par value is $1000. (As an example, for the last bond (d), at r=10%, bond value = $200/1.1 + $1200/(1.1)2= $1173.55.) a. 1-yr. 10% coupon bond _____________ _____________ b. 30-yr., 10% coupon bond _____________ _____________ c. 2-yr, zero coupon bond _____________ _____________ d. 2-yr, 20% coupon bond _____________ _____________ From your answers above describe: a) What happened to the bond values as interest rate rose from 10% to 15%? _____________ b) Which bond gained/lost proportionately more in value as interest rate rose? _____________ (Hint: Find the percentage change in bond price as yield to maturity rose from 10 to 15%; then compare the results for a vs b and for c vs d.)