The Faulk Corp. has a 6 percent coupon bond outstanding.The Gonas Company has a

The Faulk Corp. has a 6 percent coupon bond outstanding.The Gonas Company has a 14 percent bond outstanding. Both bondshave 12 yearsto maturity make semiannual payments and have a YTM of 10percent. If interestrates suddenly rise by 2 percent what is the percentage change inthe price of thesebonds? What if interest rates suddenly fall by 2 percent instead?What does thisproblem tell you about the interest rate risk of lower couponbonds?