Suppose further that the interest rate remained at 6

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Suppose Hillard Manufacturing sold an issue of bonds with a 10-year maturity, a $1,000 par value, a 10 percent coupon rate, and semiannual interest payments. A) Two years after the bonds were issued, the going rate of interest on bonds such as these fell to 6 percent. At what price would the bonds sell? Round your answer to two decimal places. B) Suppose that, 2 years after the initial offering, the going interest rate had risen to 12 percent. At what price would the bonds sell? Round your answer to two decimal places. C) Suppose that the conditions in part a existed - 2 years after the issue date, interest rates fell to 6 percent . Suppose further that the interest rate remained at 6 percent for the next 8 years. What would happen to the price of the bonds over time? I am willing to pay for answers that show work to get to the answer

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