Consider the following bonds: Bond A B Coupon Rate (annual payments) 0% 0% 3% 12% Maturity (years) 16 10 16 10 C D a. What is the percentage change in the price of each bond if its yield to maturity falls from 7% to 6%? b. Which of the bonds A-D is most sensitive to a 1% drop in interest rates from 7% to 6% and why? Which bond is least sensitive? Provide an intuitive explanation for your answer. Note: Assume annual compounding. a. What is the percentage change in the price of each bond if its yield to maturity falls from 7% to 6%? The percentage change in bond A is %. (Round to two decimal places.)