yesti. at its maturity and that 15 more payments are to be made on Bond L. Round your answers to the nearest cent. b. Why does the longer-term bond's price vary more than the price of the shorter-term bond when interest rates change? 1. Long-term bonds have lower reinvestment rate risk than do short-term bonds. 11. The change in price due to a change in the required rate of return increases as a bond's maturity decreases; II1. Long-term bonds have greater interest rate risk than do short-term bonds. 1V. The change in price due to a change in the required rate of return decreases as a bond's maturity increases. V. Long-term bonds have iower interest rate risk than do short-term bonds