Both Bond Bill and Bond Ted have 5.8 percent coupons, make semiannual payments, and are priced at par value. Bond Bill has 5 years to maturity, whereas Bond Ted has 25 years to maturity.

a.If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds?(A negative answershould be indicated by a minus sign.Do not round intermediate calculations and enter your answers as a percent roundedto 2 decimal places,e.g., 32.16.)

b.If rates were to suddenly fall by 2 percent instead, what would be the percentage change in the price of these bonds?(Do not round intermediate calculations and enter your answers as a percent roundedto 2 decimal places,e.g., 32.16.)