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Check my work mode: 1 his shows what is correct of for the work you have completed so far. It does not indicate complet Both

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Check my work mode: 1 his shows what is correct of for the work you have completed so far. It does not indicate complet Both Bond A and Bond B have 7 percent coupons and are priced at par value. Bond A has 5 years to maturity, while Bond B has 16 years to maturity. a. I interest rates suddenly rise by 1.4 percent, what is the percentage change in price of Bond A and Bond B? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. A in Price Bond A 5.53 Bonda - 12.08 b. If interest rates suddenly foll by 14 percent instead, what would be the percentage change in price of Bond A and Bond B? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Price SO

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