Question: Consider two Bonds with $1,000 face value: 10-year and 30-year maturity. Both Bonds offer 10% annual coupon, paid once a year. Assume that interest rates,

Consider two Bonds with $1,000 face value: 10-year and 30-year maturity. Both Bonds offer 10% annual coupon, paid once a year. Assume that interest rates, hence YTM (Yield to Maturity), changed from 7% to 8%. By what percentage will the price of the 30-year Bond change? Enter your answer in the following format: + or -0.1234 Hint: Answer is between -0.0976 and -0.119

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