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a. calculations. Round your answers to the nearest cent. Bond L: \$ Bond S: \$ calculations. Round your answers to the nearest cent. Bond L: \$ Bond S: \$ intermediate calculations. Round your answers to the nearest cent. Bond L: \$ Bond S: \$ b. Why does the longer-term (15-year) bond fluctuate more when interest rates change than does the shorter-term bond (1 year)? I. Longer-term bonds have less reinvestment rate risk than shorter-term bonds. II. Longer-term bonds have more interest rate risk than shorter-term bonds. III. Longer-term bonds have less interest rate risk than shorter-term bonds