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Laurel, Inc, and Hardy Corp. both have 10 percent coupon bonds outstanding. with semiannual interest payments, and both are priced at par value. The Laurel,

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Laurel, Inc, and Hardy Corp. both have 10 percent coupon bonds outstanding. with semiannual interest payments, and both are priced at par value. The Laurel, Inc., bond has three years to maturity, whereas the Hardy Corp. bond has 18 years to maturity. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds? (Negatlve answers should be indicated by a minus sign. Do not round Intermedlate colculations and round your finel answers to 2 declmal places. (e.g.32.161)

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