consider three bonds with 8% coupon rates, all making annual coupon payments and all selling at face value. the short-term bond has a maturity of 4 years, the intermediate-term bond has a maturity of 8 years, and the long-term bond has a maturity of 30 years. what will be the price of the 4-year bond if its yield increases to 9%? note: do not round intermediate calculations. round your answer to 2 decimal places. what will be the price of the 8-year bond if its yield increases to 9%? note: do not round intermediate calculations. round your answer to 2 decimal places. what will be the price of the 30-year bond if its yield increases to 9%? note: (do not round intermediate calculations. round your answer to 2 decimal places. what will be the price of the 4-year bond if its yield decreases to 7%? note: do not round intermediate calculations. round your answer to 2 decimal places. what will be the price of the 8-year bond if its yield decreases to 7%? note: do not round intermediate calculations. round your answer to 2 decimal places. what will be the price of the 30-year bond if its yield decreases to 7%? note: do not round intermediate calculations. round your answer to 2 decimal places. comparing your answers to parts (a), (b), and (c), are long-term bonds more or less affected than short-term bonds by a rise in interest rates? comparing your answers to parts (d), (e), and (f), are long-term bonds more or less affected than short-term bonds by a decline in interest rates?
