Consider the following bonds: Bond B D Coupon Rate (annual payments) 0% 0% 6% 8% Maturity (years) 15 12 15 12 a. What is the percentage change in the price of each bond if its yield to maturity falls from 5% to 4%? b. Which of the bonds A-D is most sensitive to a 1% drop in interest rates from 5% to 4% 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 5% to 4%? The percentage change in bond Ais %. (Round to two decimal places.) The percentage change in bond B is %. (Round to two decimal places.) The percentage change in bond C is %. (Round to two decimal places.) The percentage change in bond D is %. (Round to two decimal places.) b. Which of the bonds A through D is most sensitive to a 1% drop in interest rates, from 5% to 4%, and why? (Select the best choice below.)