Q4. Both Bond Bill and Bond ted has 7% coupons, make annual payments, and are priced at par(-1000). Bond Bill has 3 years to maturity, whereas Bond Ted as 20 years to maturity. If interest rate suddenly rise by 2% annually, what is percentage change in the price of Bond Bill? Of Bond Ted? RATE NPER PMT PV FV TYPE function answerNew price Bill, rate increase by 2% Ted, rate increase by 2% ??2 PV PV Bond Bill: price change from 1000 to ?? Bond Ted: price change from 1000 to ?? Which has a higher percentage change in price? Why