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Given the following information what is the percentage change in the price of the bonds if interest rates suddenly rise by 2%? Wing Air Inc.
Given the following information what is the percentage change in the price of the bonds if interest rates suddenly rise by 2%?
Wing Air Inc.
Coupon rate 7%
Settlement date 1/1/2000
Maturity date 1/1/2002
Face value 1,000
# of coupons per year 2
Airfoil, Inc.
Coupon rate 7%
Settlement date 1/1/2000
Maturity date 1/1/2015
Face value 1,000
# of coupons per year 2
Change in interest rate 2%
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