Consider two bonds, a 3 -year bond paying an annual coupon of 5.90% and a 10 -year bond also with an annual coupon of 5.90%. Both currently sell at a face value of $1,000. Now suppose interest rates rise to 9%. 0. What is the new price of the 3 -year bonds? Note: Do not round intermediate calculotions. Round your onswer to 2 decimal places. b. What is the new price of the 10-year bonds? Note: Do not round intermediote calculotions. Round your onswer to 2 decimal places. c. Which bonds are more sensitve to a change in interest rotes? b. What is the new price of the 10 -year bonds? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. Which bonds are more sensitive to a change in interest rates? Long-term bonds Short-term bonds