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Bill is comparing the risk of two bonds. Both bonds were issued by Whole Giant...

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Finance

Bill is comparing the risk of two bonds. Both bonds were issued by Whole Giant Foods. The first bond has a 9% coupon and the second bond has a 7% coupon. Both bonds have 6 years remaining until maturity and a yield to maturity of 6%.. If market interest rates decrease by 2%, what is the percent price change for each of these bonds? Please show your work

Annual Coupon

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