rses / ECON 202A - 2211 / 12 April - 18 April / ECON202A FIN, Short Answer Question: Consider a bond that promises to make coupon payments of $200 each year for three years (beginning in one year's time) and also repays the face value of $3000 at the end of the third year. a) If the market interest rate is 6%, what is the present value of this bond? b) If the market interest rate is 3%, what is the present value of this bond? c) Based on your calculation from part a) and part b). what is the relationship between the market interest rate and the present value of the bond? 1 A B ITF Whole Words * 13 hp