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Both Bond A and Bond B have 7 percent coupons and are priced at par value. Bond A has 5 years to maturity, while Bond

Both Bond A and Bond B have 7 percent coupons and are priced at par value. Bond A has 5 years to maturity, while Bond B has 16 years to maturity.
a. If interest rates suddenly rise by 1.4 percent, what is the percentage change in price of Bond A and Bond B?
Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.
\table[[,% in Price],[Bond A,-5.62,%,],[Bond B,-12.08,%,]]
b. If interest rates suddenly fall by 1.4 percent instead, what would be the percentage change in price of Bond A and Bond B?
Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.
\table[[,% in Price],[Bond A,5.96,%,],[Bond B,14.55,%,]]
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