Question: Consider three bonds with 1 4 . 6 6 % coupon rates, all selling at face value. The short - term bond has a maturity

Consider three bonds with 14.66% coupon rates, all selling at face value. The short-term bond has a maturity of 4 years, the intermediate-term bond has maturity 8 years, and the long-term bond has maturity 30 years.
a. What will be the price of each bond if their yields increase to 16.1%?
b. What will be the price of each bond if their yields decrease to 11.7%?

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