BOND J ANSWERS ARE WRONG

Problem 10-18 Interest Rate Risk (LO3, CFA4) Bond J has a coupon of 4.8 percent. Bond K has a coupon of 8.8 percent. Both bonds have 10 years to maturity and have a YTM of 6.2 percent. a. If interest rates suddenly rise by 1.2 percent, what is the percentage price change of these bonds? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) b. If interest rates suddenly fall by 1.2 percent, what is the percentage price change of these bonds? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Problem 10-18 Interest Rate Risk (LO3, CFA4) Bond J has a coupon of 4.8 percent. Bond K has a coupon of 8.8 percent. Both bonds have 10 years to maturity and have a YTM of 6.2 percent. a. If interest rates suddenly rise by 1.2 percent, what is the percentage price change of these bonds? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) b. If interest rates suddenly fall by 1.2 percent, what is the percentage price change of these bonds? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)