if there are two $1,000 bonds that pay semi-annual coupons, one with a 30-year maturity and the other with a 10-year maturity and both with a coupon rate of 10%, what will happen to their values if market interest rates fall to 8%?

The accountant at bramble corp. has determined that income before income taxes amounted to $10800 using the fifo costing assumption. if the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the lifo assumption were used, what would be the amount of income before taxes under the lifo assumption?