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Bond X has a maturity of 10 periods. Bond Y has a maturity of 10 periods. The yield-to-maturity for both bonds is currently 9%. The

Bond X has a maturity of 10 periods. Bond Y has a maturity of 10 periods. The yield-to-maturity for both bonds is currently 9%. The coupon rate for Bond X is 14% and the coupon rate for Bond Y is 10.5%. Which bond’s price will exhibit a larger percentage change in value in response to a 25 basis point increase in the yield-to-maturity?

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