Consider the following bonds: Bond A B Coupon Rate (annual payments) 0% 0% 4% 8% Maturity (years) 15 8 15 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-D is most sensitive to a 1% drop in interest rates from 8% to 7% and why? Which bond is least sensitive? Provide an intuitive explanation for your answer. Note: Assume annual compounding. a. 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 bond A is %. (Round to two decimal places.)