The Faulk Corp. has a 6 percent coupon bond outstanding. The Gonas Company has a 12 percent bond outstanding. Both bonds have 19 years to maturity, make semiannual payments, and have a YTM of 9 percent.

If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds?(Negative amounts should be indicated by a minus sign. Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))

Percentage change in price of Faulk	%
Percentage change in price of Gonas	%

What if interest rates suddenly fall by 2 percent instead? (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16))

Percentage change in price of Faulk	%
Percentage change in price of Gonas	%