2. Bond J is a 3% coupon bond. Bond K is a 9% coupon bond. Both bonds have 15 years to maturity, make semi annual payments and have a YTM of 6%. If interest rates rise by 2%, what is the percentage change in price of these bonds? a) Bond ) = 9.63%; Bond K = -1.94% b) Bond ) = -3.44%; Bond K = -7.01% c) Bond) = 19.59%; Bond K = 16.04% d) Bond ) -19.59%; Bond K-16.04% 10. KISS 92.5 is considering the replacement of its fully depreciated sound mixer. Two new models are available. Mixer X has a cost of $743,000, a 6-year expected life and after cash flow savings of $296,000 per year. Mixer Y has a cost of $989,000 a 10-year life and after cash flow of $279,000 per year. No new technological developments are expec The cost of capital is 12%. Should KISS 92.5 replace the older mixer with X or Y? a) Choose Mixer X b) Choose Mixer Y c) Keep using old mixer uitable