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JonezBrands has two bond offerings, Bond Short and Bond Long. Bond Short has a five year term and Bond Long has a 20 year term.

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JonezBrands has two bond offerings, Bond Short and Bond Long. Bond Short has a five year term and Bond Long has a 20 year term. Both bonds sold at par when they were issued last year. Soon after issuing these bonds, the market interest rate increased substantially. What are the new relative yield to maturities (YTM) of Bond Short and Bond Long? OYTM Bond Long YTM Bond Short YTM Bond Long = YTM Bond Short

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