I really need some serious help with this problem. I posted this same question y

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I really need some serious help with this problem. I posted this same question yesterday and the person that helped with it still came up with the wrong answers. Can someone help please I have tried everything even asking my teacher and can not figure this out.

Both Bond Bill and Bond Ted have 11.6 percent coupons, make semiannual payments, and are priced at par value. Bond Bill has 6 years to maturity, whereas Bond Ted has 23 years to maturity.

If interest rates suddenly rise by 3 percent, what is the percentage change in the price of these bonds? (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places (e.g., 32.16).)

If rates were to suddenly fall by 3 percent instead, what would be the percentage change in the price of these bonds? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).)

I really need some serious help with this problem. I posted this same question yesterday and the person that helped with it still came up with the wrong answers. Can someone help please I have tried everything even asking my teacher and can not figure this out.

Both Bond Bill and Bond Ted have 11.6 percent coupons, make semiannual payments, and are priced at par value. Bond Bill has 6 years to maturity, whereas Bond Ted has 23 years to maturity.

Explanation / Answer

Requirement 1

Requirement 1

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