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Consider three bonds with 7.6% coupon rates, all selling at face value. The short-term bond has a maturity of 4 years, the intermediate-term bond has

Consider three bonds with 7.6% coupon rates, all selling at face value. The short-term bond has a maturity of 4 years, the intermediate-term bond has maturity 8 years, and the long-term bond has maturity 30 years.

What will be the price of each bond if their yields increase to 8.4%? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

What will be the price of each bond if their yields decrease to 6.8%? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Ive looked at similar questions and im so confused if you could be very specific i would appreciate it

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