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Bond J has a coupon of 5.6 percent. Bond K has a coupon of 9.6 percent. Both bonds have 15 years to maturity and have

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Bond J has a coupon of 5.6 percent. Bond K has a coupon of 9.6 percent. Both bonds have 15 years to maturity and have a YTM of 5.9 percent. a. If interest rates suddenly rise by 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.)

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