The Garraty Company has two bond issues outstanding. Both bonds pay $100 annual interest plus $1000 at maturity. Bond L has a maturity of 15 years, and Bond S has a maturity of 1 year. (Please show all calculations) What will be the value of each of these bonds when the going rate of interest is 5%, 8% and 12%? Assume that there is only one more interest payment to be made on Bond S. Why does the longer term 15 year bond fluctuate more when interest rates change than does the shorter term bond (1 year)