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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%? (Please show your

Given the following information, what is the percentage change in the price of the bonds if interest rates suddenly rise by 2%?

(Please show your work as I am attempting to work out similar problems in excel.)

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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