11. Consider two bonds - one that matures in 30-years and the other in 10 years. Both bonds pay a 5% semi-annual coupon. What is the price of each bond if the market interest rate is 5%?

12. Consider the same two bond in problem #11. Whatis the price of each bond if the market interest rate increases to 6.0%? (Show work)

13. Consider the same two bonds in problems #11 & 12. What is the price of each bond if the market interest rate increases from 6.0% to 6.5%? (Show work)

14. Summarize the bond prices calculated in problems 11-13 in the table below. Compare the change in bond prices resulting from each change in yield for the two blonds. What do you notice?

	5.0%	6.0%	6.5%
10-year bond price
30-year bond price