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8 Bond J has a coupon rate of 4.4 percent Bond S has a coupon rate of 14.4 percent. Both bonds have twelve years to

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8 Bond J has a coupon rate of 4.4 percent Bond S has a coupon rate of 14.4 percent. Both bonds have twelve years to maturity, make semiannual payments, a par value of $1000, and have a YTM of 9.8 percent If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? (A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16.) Percentage change in price ook Bond Bond 5 Print If interest rates suddenly fall by 2 percent instead, what is the percentage price change of these bonds? (Do not round Intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16.) Percentage change in price Bond Honds menon

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