You are given following three bonds: Bonds Interest Rate (10%) Interest Rate (15%) 10% 2-year bond (Bond P) $1,000.00 $918.71 10% 20-year bond (Bond Q) $1,000.00 $687.03 15% 20-year bond (Bond R) $1,425.65 $1,000.00 Assume that interest rate changed from 10% to 15%. a. Compute the percentage change in price of each bond. Hints: % change = 100 * [(new/old)-1] b. Now, compare the price change between Bond P & Q. Which one has greater price change Bond P or Q? c. Now, compare the price change between Bond Q & R. Which one has greater price change Bond Q or R? d. What inferences can you draw from part (b) and (c) above?