Bond ABC is a 6 percent coupon bond. Bond XYZ is a 11 percent coupon bond. Both

Question:

Bond ABC is a 6 percent coupon bond. Bond XYZ is a 11 percent coupon bond. Both bonds have 11 years to maturity, make semiannual payments, and have a YTM of 8.5 percent. If interest rates suddenly rise by 3 percent, the percentage change in price of Bonds ABC and XYZ is_-19.68_ percent and _-17.61___ percent, respectively. (Input answers as a percent rounded to 2 decimal places, without the percent sign.)

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...