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(Interest Rate risk) Bond S has 4 years to maturity. Bond T has 30 years to maturity. Both have 9% coupons paid semi- annually, and

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(Interest Rate risk) Bond S has 4 years to maturity. Bond T has 30 years to maturity. Both have 9% coupons paid semi- annually, and are priced at par value. If the interest rate(yield to maturity) suddenly drops by 3.1%, the percentage change in the price of Bond T is * % (Keep two decimal numbers and the sign.) (Interest Rate risk) Bond S has 4 years to maturity. Bond T has 30 years to maturity. Both have 9% coupons paid semi- annually, and are priced at par value. If the interest rate(yield to maturity) suddenly rises by 3.9%, the percentage change in the price of Bond S is * % (Keep two decimal numbers and the sign.)

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