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Given the following information what is the percentage

Given the following information what is the percentage change in the price of the bonds if interest rates suddenly rise by 2%?

Wing Air Inc.

Coupon rate 7%

Settlement date 1/1/2000

Maturity date 1/1/2002

Face value 1,000

# of coupons per year 2

Airfoil, Inc.

Coupon rate 7%

Settlement date 1/1/2000

Maturity date 1/1/2015

Face value 1,000

# of coupons per year 2

Change in interest rate 2%

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Finance Basics: Given the following information what is the percentage

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Finance Basics: Given the following information what is the percentage

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