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Given the following information what is the percentage change in the price of the bonds if...

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Operations Management

Given the following information what is the percentage change inthe price of the bonds if interest rates suddenly rise by 3%?

Wing Air Inc.
Coupon rate7%
Settlement date1/1/2000
Maturity date1/1/2002
Face value1,000
# of coupons per year2
Airfoil, Inc.
Coupon rate7%
Settlement date1/1/2000
Maturity date1/1/2015
Face value1,000
# of coupons per year2
Change in interest rate3%

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