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Bond J has a coupon of 5 . 8 percent. Bond K has a coupon of 9 . 8 percent. Both bonds have 1 5

Bond J has a coupon of 5.8 percent. Bond K has a coupon of 9.8 percent. Both bonds have 15 years to maturity and have a YTM of 7.6 percent.
If interest rates suddenly rise by 2.2 percent, what is the percentage price change of these bonds?
Note: 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.
If interest rates suddenly fall by 2.2 percent, what is the percentage price change of these bonds?
Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.

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