Consider two bonds, each with exactly 5 years to maturity, each trading with a 7% yield to maturity. Bond A has a 5% coupon rate, Bond B has a 9% coupon rate.If the yield curve experiences an immediate and parallel shift so that each bond now trades at a price to yield 12% to maturity, which is the best statement of those below?

1) Bond A will experience a greater % decline in value than will Bond B

2) Bond A will experience a smaller % decline in value than will Bond B

3) Bond A will experience the same % decline in value as will Bond B

4) All of the above

5) None of the above