please answer

Question 16 (10 points) Grossman bonds mature in 15 years, carry semi-annual 6% coupons with a YTM of 5%. Lee bonds mature in 7 years, carry semi-annual 6% coupons with a YTM of 5%. The YTM on both bonds suddenly increases to 8% 1. What happens to the price of the Grossman bonds? 2. What happens to the price of Lee bonds? 3. Will the change in prices be equal for both bonds? 4. Explain your answer to #3 Blank # 1 N Blank # 2 Blank # 3 A/ Blank #4 A/