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What is the percentage change in the price of the bonds if interest rates suddenly rise by 5%? Airline 1, Inc. Coupon rate =7% Settlement

What is the percentage change in the price of the bonds if interest rates suddenly rise by 5%?

Airline 1, Inc.

Coupon rate =7%

Settlement date 1/1/2000

Maturity date 1/1/2002

Face value =1,000

# of coupons per year =2

Airline 2, Inc.

Coupon rate =7%

Settlement date 1/1/2000

Maturity date 1/1/2015

Face value =1,000

# of coupons per year =2

Change in interest rate =5%

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