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consider the following bonds : Aubrey matures in 22 years and pays a 7.5% annual coupon. Vandy matures in 13 years and pays the 7.5

consider the following bonds : Aubrey matures in 22 years and pays a 7.5% annual coupon. Vandy matures in 13 years and pays the 7.5 annual coupon. The require return on both bonds is 0.6%.

Which Bond will realize the biggest dollar change in market value if the YTM on both bonds falls to 5.25%

Will this change in YTM cause an increae or decrease in bond prices?

what is the factor that creates this outcome?

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