Calculate the percentage price changes of the two bonds

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Bond A and B both have Ksh. 10 million face value, 8% yields to maturity, and ten-years term to maturity. However, bond A has a 10% coupon rate, whereas bond B sells at par. Both make annual interest payments. If the yields on both bonds decline to 6%, calculate the percentage price changes of the two bonds.

Reference no: EM132523759

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