II. Both Bond X and Bond Y have 6.0 percent coupons, make semiannual payments, and are priced at par value. Bond X has 2 years to maturity, whereas Bond Y has 18 years to maturity. Both bonds have a par value of 1,000 . (1) If interest rates suddenly rise by 1 percent, what is the percentage change in the price of these bonds? (2) If rates were to suddenly fall by 1 percent instead, what would be the percentage change in the price of these bonds? (3) What does the differential change in the price of these bonds tell