U.S. Treasury STRIPS, close of business November 15, 2015:

Maturity	Price			Maturity	Price
November 16		99.471		November 19		95.035
November 17		98.782		November 20		92.570
November 18		96.827		November 21		89.342

a-1. Suppose the (quoted) yield on each of the six STRIPS increases by 0.05 percent. Calculate the percentage change in price for the one-year, three-year, and six-year STRIPS. (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.)

a-2. Which one has the largest price change?

b-1. Suppose the quoted price on each STRIPS decreases by 0.500. Calculate the percentage change in (quoted) yield for the one-year, three-year, and six-year STRIPS. (Input all amounts as positive values. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

b-2. Which one has the largest yield change?