Part 2.

A bond trader purchased each of the following bonds at a yield to maturity of 9%. Immediately after she purchased the bonds, interest rates fell to 8%. What is the percentage change in the price of each bond after the decline i interest rates? Fill in the following table: (Assume semiannual compounding.) Price @ 9% Price @ 8% Percentage Change 10-year, 10% coupon 10-year zero 20-year zero