Question: I need help with question B and c please Consider two bonds, a 3-year bond paying an annual coupon of 6.60% and a 10-year bond

I need help with question B and c please Consider two

I need help with question B and c please

Consider two bonds, a 3-year bond paying an annual coupon of 6.60% and a 10-year bond also with an annual coupon of 6.60%. Both currently sell at a face value of $1,000. Now suppose interest rates rise to 10%. a. What is the new price of the 3-year bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Bond price $ 913.71 b. What is the new price of the 10-year bonds? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Bond price 1 c. Which bonds are more sensitive to a change in interest rates

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