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Yokels Oaks has two bond offerings, a 10% coupon, 15-year maturity bond (Bond Long) and a 10% coupon, 2-year maturity bond (Bond Short). Both bonds

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Yokels Oaks has two bond offerings, a 10% coupon, 15-year maturity bond (Bond Long) and a 10% coupon, 2-year maturity bond (Bond Short). Both bonds sold at par when they were issued last month. Soon after issuing these bonds, the market interest rate increased dramatically. What are the new relative yield to maturities (YTMs) of Bond Short and Bond Long? Bond Long YTM > Bond Short YTM > 10% Bond Long YTM Bond Short YTM 10% Bond Long YTM Bond Short YTM 10% Bond Long YTM - Bond Short YTM - 10%

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