Laurel, Inc., and Hardy Corp. both have $9$ 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 $18$ years to maturity.

If interest rates suddenly rise by $2$ percent, what is the percentage change in the price of these bonds? $($Negative answers should be indicated by a minus sign. Do not round intermediate calculations and round your final answers to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16)$

Percentage change in price of Laurel

Percentage change in price of Hardy