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Bond X and Bond Y are both zero coupon bonds that pay annually and have a 7% yield.Bond X matures in 5 years and Bond

Bond X and Bond Y are both zero coupon bonds that pay annually and have a 7% yield.Bond X matures in 5 years and Bond Y matures in 13 years.Calculate the percentage change in the price of each bond if interest rates suddenly decreased by 1.5%.

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