C. Assume that bonds X, T and U all have the same maturity. Based on the table below, what pattern do you observe in the estimated vs. actual percentage changes in bond price when interest rate changes? What is the best terminology to describe this pattern (use terminology covered in this unit) and what relationship between bond prices and interest rates does this pattern imply? Please explain your answers. [5 Marks] Estimated percentage change in price if Actual percentage change in price if interest interest rates change by: rates change by: -20 basis points +20 basis points -20 basis points +20 basis points Bond +12% -9% +12.12% -8.88% s Bond +7% -4% +7.05% -3.95% Y Bond +9% -6% +9.08% -5.92% L C. Assume that bonds X, T and U all have the same maturity. Based on the table below, what pattern do you observe in the estimated vs. actual percentage changes in bond price when interest rate changes? What is the best terminology to describe this pattern (use terminology covered in this unit) and what relationship between bond prices and interest rates does this pattern imply? Please explain your answers. [5 Marks] Estimated percentage change in price if Actual percentage change in price if interest interest rates change by: rates change by: -20 basis points +20 basis points -20 basis points +20 basis points Bond +12% -9% +12.12% -8.88% s Bond +7% -4% +7.05% -3.95% Y Bond +9% -6% +9.08% -5.92% L