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9 Both Bond Bill and Bond Ted have 11 6 percent coupons, make semiannual payments, and are priced at par value Bond Bill has 6

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9 Both Bond Bill and Bond Ted have 11 6 percent coupons, make semiannual payments, and are priced at par value Bond Bill has 6 years to maturity, whereas Bond Ted has 23 years to maturty Requirement 1: If interest rates suddenly rise by 3 percent, what is the percentage change in the price of these bonds? (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places (e.g., 32.16).) Percentage change in price Bond Bill Bond Ted Requirement 2 If rates were to suddenly fall by 3 percent instead, what would be the percentage change in the price of these bonds? (Do not round intermediate calculations.Round your answers to 2 decimal places (e.g 32.16)) Bond Bill Bond Ted O

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