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Five years ago, Firm A issued a 10 year and a 20-year bond. The bonds each have a coupon rate of 7.25 percent, paid semiannually.

Five years ago, Firm A issued a 10 year and a 20-year bond.

The bonds each have a coupon rate of 7.25 percent, paid semiannually. Assume the yield to maturity on each of these bonds is now 6 percent.

What is the percentage change in the price of the 10-year bond since it was issued? The 20-year bond? Assume that both bonds were issued at par five years ago.

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