You are examining three bonds with a par value of $1 comma 0001,000 (you receive $1 comma 0001,000 at maturity) and are concerned with what would happen to their market value if interest rates (or the market discount rate) changed. The three bonds are Bond Along dasha bond with 33 years left to maturity that has an annual coupon interest rate of 1010 percent, but the interest is paid semiannually. Bond Blong dasha bond with 77 years left to maturity that has an annual coupon interest rate of 1010 percent, but the interest is paid semiannually. Bond Clong dasha bond with 2020 years left to maturity that has an annual coupon interest rate of 1010 percent, but the interest is paid semiannually. What would be the value of these bonds if the market discount rate were

a.1010 percent per year compounded semiannually?

b.44 percent per year compounded semiannually?

c.1616 percent per year compounded semiannually?

d.What observations can you make about these results?