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Both Bond S and Bond T are 4 percent coupon bonds, make semi-annual payments. They have a yield to maturity of 7 percent. While Bond

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Both Bond S and Bond T are 4 percent coupon bonds, make semi-annual payments. They have a yield to maturity of 7 percent. While Bond S has 5 years to maturity. Bond T has 10 years to maturity If interest rates suddenly rise by 2 percent, what will the percentage change in the price of Bond S and Bond T? HOW could you explain these results? Why do they have different sensitivity to interest rate changes

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