Suppose you want to compare the price sensitivity of two $10-$year bonds.

Bond $A$

Has a par value of $$1,000.$

Has a coupon fate of $5$ percent with coupon payments made annually.

The initial required rate of return, $k,$ is $9$ percent.

Bond B

Has a par value of $$1,000.$

Has a coupon rate of $10$ percent with coupon payments made annually.

The initial required rate of return, $k,$ is $9$ percent.

Suppose the federal government announces that it will be running a smaller budget deficit than it anticipated, which results in an investor's required rate of return on a bond to decrease to $6\%.$

Using this information, fill in the values for the percentage change in bond price, percentage change in $k,$ and bond price elasticity for each bond in the table.

$\backslash$table$[[$Bonds:$,\backslash$table$[[$Initial Price of Bonds$],[$when $k=9\%$