Assume Venture Healthcare sold bonds that have a ten-yearmaturity a 12 percent c

Assume Venture Healthcare sold bonds that have a ten-yearmaturity a 12 percent coupon rate withannual payments and a $1000 par value.a. Suppose that two years after the bonds were issued the requiredinterest rate fell to 7 percent.What would be the bonds value?b. Suppose that two years after the bonds were issued the requiredinterest rate rose to 13 percent.What would be the bonds value?c. What would be the value of the bonds three years after issue ineach scenario above assuming thatinterest rates stayed steady at either 7 percent or 13 percent?