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Bond Batman Par value 3 000 coupon 8 quarterly maturity 2 years trades today for 3 146 93 Bond Robin Par value 3 000 coupon

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Bond Batman Par value 3 000 coupon 8 quarterly maturity 2 years trades today for 3 146 93 Bond Robin Par value 3 000 coupon 8 annual maturity 20 years trades today for 3 464 52 Caution The par value is not 1 000 The market annual interest rate jumps by 2 By what percentage will the bond price change Compute the answer or both Batman and Robin Show work The market annual interest rate drops by 2 By what percentage will the bond price change Compute the answer or both Batman and Robin Show work Provide a commentary on the results observed by comparing Batman and Robin

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