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Calvin and andre both have bonds they bought at par value which pay 9.00% coupon rate. Calvin's bond has 10 years to maturity and Andre's

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Calvin and andre both have bonds they bought at par value which pay 9.00% coupon rate. Calvin's bond has 10 years to maturity and Andre's bond has 20 years to maturity. If interest rates suddenly rise to 11.3% what is the approximate change in the value of Andre's bond? 00:54:05 wie 16.05% -19.11% 18.40% - 11.95% 11.95% -16.05%

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