Bond A has a coupon rate of 5.1 percent. Bond B has a coupon rate of 15.1 percent. Both bonds have nine years to maturity, a par value of $1,000, and a YTM of 11.2 percent, and both make semiannual payments.

a. If interest rates suddenly rise by 3 percent, what is the percentage change in the price of these bonds?

b. If interest rates suddenly fall by 3 percent instead, what is the percentage change in the price of these bonds?

	Bond A	Bond B
% Change in price	?	?
% Change in price	?	?