You are considering bonds of two companies, Taxco's bond pays interest at 12% and Maxco's at 6% per year. Both have face value of Rs 1000 and maturity of three years. (a) What will be the values of bonds if the market interest rate is 9%? (b) what will be the values of the bonds if the market interest rate increases to 12% (c) Which bond declines more in value when the interest rate rises? What is the reason? (d) if the interest rate falls to 6%, what are the values of bonds (e) If the maturity of two bonds is 8 years(rather than 3 year), what will be the value two bonds if the market interest rate is (i) 9% (ii)6% and (iii) 12%