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Which of the following bonds has the largest percentage change in price when the market interest rate decreases from 8 % to 7 % ?

Which of the following bonds has the largest percentage change in price when the market interest rate decreases from 8% to 7%?
a. A 10-year bond with 10% annual coupon with $1000 face value
b. A 5-year zero with $1000 face value
c.A 10-year zero with $1000 face value
. A 30-year zero with $100 face value
Solution
\table[[,Price at 8%,Price at 7%,Pctge. change],[10-year, 10% annual coupon,$1,134.20,$1,210.71,6.75],[10-year zero,463.19,508.35,9.75],[5-year zero,680.58,712.99,4.76],[30-year zero,99.38,131.37,32.19]]
CAN YOU PLEASE EXPLAIN THE STEP BY STEP HOW THEY FOUND THE PERCENT OF CHANGE IN THE BOX for wxaple it is 1,134.20 and 1210.71 how do you figure out the percent of change to get the number of 6.75
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