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Please dont answer anymore, not needed and I want my question refunded. Laurel, Inc., and Hardy Corp. both have 6 percent coupon bonds outstanding, with

Please dont answer anymore, not needed and I want my question refunded.

Laurel, Inc., and Hardy Corp. both have 6 percent coupon bonds outstanding, with semiannual interest payments, and both are priced at par value. The Laurel, Inc., bond has four years to maturity, whereas the Hardy Corp. bond has 19 years to maturity.

If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

What is the percentage change in price of Laurel %?

What is the percentage change in price of Hardy %?

If interest rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of these bonds be then? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

What is the percentage change in price of Laurel % ?

What is the percentage change in price of Hardy % ?

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