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Bond J has a coupon of 6 percent. Bond K has a coupon of 10 percent. Both bonds have 15 years to maturity and have

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Bond J has a coupon of 6 percent. Bond K has a coupon of 10 percent. Both bonds have 15 years to maturity and have a YTM of 6.6 percent. a. If interest rates suddenly rise by 2.4 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.) Answer is complete but not entirely correct. Bond J Bond K %A in Price 19.57 X % 17.91 %

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