Both Bond A and Bond B have 7.6 percent coupons and are priced at par value. Bond A has 8 years to maturity, while Bond B has 16 years to maturity. If interest rates suddenly rise by 2 percent,

a)what is the percentage change in price of Bond A and Bond B?

b)If interest rates suddenly fall by 2 percent instead, what would be the percentage change in price of Bond A and Bond B?

Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.