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Laurel, Inc., and Hardy Corp. both have 12 percent coupon bonds outstanding, with semiannual interest payments, and both are priced at par value. The Laurel,

Laurel, Inc., and Hardy Corp. both have 12 percent coupon bonds outstanding, with semiannual interest payments, and both are priced at par value. The Laurel, Inc., bond has 6 years to maturity, whereas the Hardy Corp. bond has 14 years to maturity. If interest rates suddenly rise by 3 percent, the percentage change in the price of Bonds Laurel, Inc., and Hardy Corp. is percent and percent, respectively. (Negative amounts should be indicated by a minus sign. Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16))

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