The Garraty Company has two bond issues outstanding. Both bonds pay $100 annual interest plus $1,000 at maturity. Bond L has a maturity of 15 years and Bond S has a maturity of 1 year. What will the value of Bond L be if the required rate of return is 5%? What will the value of Bond L be if the required rate of return is 8%? What will the value of Bond L be if the required rate of return is 12%? What will the value of Bond S be if the required rate of return is 5%? What will the value of Bond S be if the required rate of return is 8%? What will the value of Bond S be if the going required rate of return is 12%? Which bond, L or S, fluctuate more when interest rate fluctuates? Note: only type "L" or "S" in the answer box.