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 five years to maturity, whereas the Hardy Corp. bond has 16 years to maturity. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of each bond? (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).) Percentage change in price of Laurel, Inc., bond Percentage change in price of Hardy Corp. bond If rates were to suddenly fall by 2 percent instead, what would be the percentage change in the price of each bond? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places (e.g., 32.16).) Percentage change in price of Laurel, Inc., bond Percentage change in price of Hardy Corp. bond