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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,
Laurel, Inc., and Hardy Corp. both have percent coupon bonds outstanding, with semiannual interest payments, and both are priced at par value. The Laurel, Inc., bond has six years to maturity, whereas the Hardy Corp. bond has years to maturity.
If interest rates suddenly rise by 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 decimal places. eg
tablePercentage change in price of Laurel,
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