What is the percentage price change of these bonds

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Reference no: EM131957904

Blackberry bond has a 5% coupon rate while Apple bond has a 2 % coupon rate. Both bonds have $1,000 par value, 14 years to maturity, and YTM of 3%. If the market interest rates just rise by 1%, what is the percentage price change of these bonds?

Reference no: EM131957904

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