Bond J Bond K Coupon rate (Ordinary annuity) 3% Coupon rate (Ordinary annuity) 6% Initial yield to maturity Initial yield to maturity Years 14 Years 14 Face value 1000 Face value 1000 Number of coupons per year Number of coupons per year (comppounding period) 2 (comppounding period) Consider the two bonds above. There is an increase in the YTM of 2% for both bonds. Using the excel sheet (sheet- Question 22), answer the following questions. 1. What was the initial bond price for both of the bonds? (8 points) 2. What is the bond price after the change in YTM? (8 points) 3 Calculate the change in the bonds' price (4 points) 9% 6%