Consider two zero coupon bonds, $S$&$L$ that represent a short$-$term and long$-$term maturity bond respectively. The two bonds have the following features:

Which bond, the short$-$term bond $S$ or the long$-$term bond $L,$ exhibits a greater price change when both yields increase to $6\mathrm{.}93\%?$

Price of Bond S wh$$n YTM $=6\mathrm{.}93\%$ :

Price of Bond $L$ when $YTM=6\mathrm{.}93\%$ :

Price change of $S=$

Answer:

$?$

Price change of $L=$