Question 22 (Bonus Question). In May 2000, the U.S. Treasury issued 30-year bonds with a coupon rate of 6.25%, paid semiannually. A bond with a face value of $1,000 pays $31.25 (1,000 0.0625/2) every six months for the next 30 years; in May 2030, the bond also repays the principal amount, $1,000.Which of the following is true about the present value of the bond if, immediately after issue in May 2000, the 30-year interest rate increases to 8.2%? O It is over $1,000 O It is under $800 O It's over 9000 O it is between $800 and $1000