Problem 11.4 (a) A 13.25-year maturity zero-coupon bond selling at a yield to maturity of 8% (effective annual yield) has convexity of 161.9 and modified duration of 12.27 years. A 40-year maturity 6% coupon bond making annual coupon payments also selling at a yield to maturity of 8% has nearly identical modified duration-12.30 yearsbut considerably higher convexity of 272.9. Suppose the yield to maturity on both bonds increases to 9%. What will be the difference in actual percentage capital loss between the two bonds? (Enter your answer as a positive value. Do not round intermediate calculations. Enter your answer in percentage points. Round your answers to 2 decimal places.)