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Both Bond A and Bond B have 7 percent coupons and are priced at par value....

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Finance

Both Bond A and Bond B have 7 percent coupons and are priced atpar value. Bond A has 7 years to maturity, while Bond B has 18years to maturity. If interest rates suddenly rise by 2 percentagepoints, what is the difference in percentagechanges in prices of Bond A and Bond B? (i.e., Bond A - BondB).  The bonds pay coupons twice a year.

(A negative value should be indicated by a minus sign. Do notround intermediate calculations. Enter your answers as a percentrounded to 2 decimal places.)

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