Both Bond 1 and Bond 2 have 11.2 percent coupons, make semiannual payments, and are priced at par value. Bond 1 has 4 years to maturity, whereas Bond 2 has 21 years to maturity. Both bonds have a par value of 1,000. a. If interest rates suddenly rise by 3 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

\begin{tabular}{|l|l|l|l|l|l|} \hline \multicolumn{2}{|l|}{} & Bond 1 & & Bond 2 & \\ \hline a. & Percentage change in price & & % & & % \\ \hline b. & Percentage change in price & & % & & % \\ \hline \end{tabular}