assume face value of 1000 for bond

The Faulk Corp. has a bond with a coupon rate of 4 percent outstanding. The Yoo Company has a bond with a coupon rate of 10 percent outstanding. Both bonds have 17 years to maturity, make semiannual payments, and have a YTM of 7 percent. 10 points If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) eBook Hint Print References Percentage change in price of Faulk Percentage change in price of Yoo What if interest rates suddenly fall by 2 percent instead? (Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Percentage change in price of Faulk Percentage change in price of Yoo