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Problem 6-19 Interest Rate Risk [LO 2 Both Bond Bill and Bond Ted have 9 6 percent coupons, make semiannual payments, and are priced at

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Problem 6-19 Interest Rate Risk [LO 2 Both Bond Bill and Bond Ted have 9 6 percent coupons, make semiannual payments, and are priced at par value Bond Bill has 6 years to maturity, whereas Bond Ted has 23 years to maturity. Both bonds have a par value of 1,000 If interest rates suddenly rise by 3 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.) Percentage Bond Bill Bond Ted If rate were to suddenly fall by 3 percent instead, what would be the percentage change in the price of these bonds? (Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g, 32.16) Percentage Bond Bill Bond Ted

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