Consider two Bonds with a $1,000 face value one with a 10 year and the other with a 30 year maturity Both Bonds offer a 10 annual coupon, paid once a year Assume that interest rates, hence YTM (Yield to Maturity) changed from 7 to 8 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 1065 and 0 1191

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Question: Consider two Bonds with a $1,000 face value: one with a 10-year and the other with a 30-year maturity. Both Bonds offer a 10% annual

Consider two Bonds with a $1,000 face value: one with a 10-year and the other with a 30-year maturity.
Both Bonds offer a 10% annual coupon, paid once a year.
Assume that interest rates, hence YTM (Yield to Maturity) changed from 7% to 8%.

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 -0.1065 and -0.1191

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