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Both Bond Barry and Bond James have 5% coupons, make semiannual payments, and are priced at par value. Bond Barry has 6 years to maturity,

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Both Bond Barry and Bond James have 5% coupons, make semiannual payments, and are priced at par value. Bond Barry has 6 years to maturity, whereas Bond James has 30 years to maturity. a. If interest rates suddenly rise by 2%, what is the percentage change in the price of Bond Barry? Of Bond James? b. If rates were to suddenly fall by 2% instead, what would the percentage change in the price of Bond Barry be then? Of Bond James

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