Consider the following bonds: a. What is the percentage change in the price of each bond if its yield to maturity falls from 8% to 7%? b. Which of the bonds A through D is the most sensitive to a 1% drop in interest rates from 8% to 7% and why? Which bond is the least sensitive? Provide an intuitive explanation for your answer. Note: Assume annual compounding and $1,000 of the bond's face value. a. What is the percentage change in the price of each bond if its yield to maturity falls from 8% to 7%? The percentage change in the price of bond A is 16.0485560436 %. (Round to two decimal places.) The percentage change in the price of bond B is 11.809764727 %. (Round to two decimal places.) The percentage change in the price of bond C is %. (Round to two decimal places.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Bond A BCD Coupon Rate (annual payments) 0% 0% 5% 9% Maturity (years) 16 12 16 12 I