You are considering the following two different bonds to add to your investment portfolio Titanium Bond has a face value of $20,000 and pays $400 every quarter. Platinum Bond is a 12% coupon bond with a face value of $20,000. Its coupons will be paid on a quarterly basis. Titanium Bond has a maturity of 14 years and Platinum Bond has a maturity of 8 years. Both bonds currently have a rating of A from Standard and Poor's. However, due to recent economic downturn, analysts suggested that the bonds may downgrade to a rating of BBB The following table summarizes the yield to maturity for bonds with various ratings: AA A BB Rating Yield (APR compounded quarterly) AAA 4.3% BBB 6.8% 4.9% 5.6% 8% Please explain which bond has higher interest rate risk (Price risk)? (4 points) Suppose you are also considering another bond, Superior Bond. The price of bond currently is $17.264.4521. The bond has a face value of $20,000, a maturity of 10 years and pays $300 every quarter. What is the likely rating of the bond? (4 points)