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 8 to 9 How much will be the percentage change in the 30 year Bond price Enter your answer in the following format or 0 1234 Hint Answer is between 0 0889 and 0 1119

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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 8% to 9%.

How much will be the percentage change in the 30-year Bond price? Enter your answer in the following format: + or - 0.1234 Hint: Answer is between -0.0889 and -0.1119

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