Second option for C is short term bonds

nsider two bonds, a 3 -year bond paying an annual coupon of 5.80% and a 10 -year bond also with an annual coupon of 5.80%. Both rently sell at a face value of $1,000. Now suppose interest rates rise to 10%. a. What is the new price of the 3-year bonds? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. What is the new price of the 10-year bonds? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. Which bonds are more sensitive to a change in interest rates? Long-term bonds