2. Consider two 12-year bonds: one has 8% coupon, face value $100 and yield 8% per annum compounded annually; the other has 10% coupon, face value $100 and yield 9% per annum compounded annually. Find the price of these bonds assuming that the coupon is paid at the end of each year. Identify the bond which is more sensitive among the two and give reasons for your answer. Also find the price of a 12-year zero coupon bond