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PV = TITE FV ->1000 Question #3) Consider two bonds, a 3-year bond paying an annual coupon of 5% and a 10-year bond also paying an annual coupon of 5%. Both currently sell at face value. Now suppose that the market interest rate for both maturities rises to 10%. A) What is the new price of the 3-year bond? B) What is the new price of the 10-year bond? C) Which are more sensitive to changes in interest rates, the value of long-term or short-term bonds? @ 10% * Assuming FV is 1000 A Price of a 3 yr bond = Ploitu