I forgot the rest of the question: here is the total question 14. Bond S is a 4 percent coupon bond. Bond T is a 10 percent coupon bond.

I forgot the rest of the question: here is the total question14. Bond S is a 4 percent coupon bond. Bond T is a 10 percent coupon bond. Both bonds have 11 years to maturity, make semiannual payments, and have a yield-to-maturity of 7 percent. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond T and bond S? What conclusion you can be reached from your calculations? Using information from the above problem:a.Calculate duration of bond T.b.Use the duration calculation in part a, calculate approximate percentage change in price of bond T if interest rates suddenly rise by 2 percent (from 7 percent to 9 percent).