Bond J has a coupon of 7 percent. Bond K has a coupon of 11 percent. Both bonds have 12 years to maturity and have a YTM of 8 percent a. If interest rates suddenly rise by 1.6 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.) % In Price Bond Bond K - 10.50% b. If Interest rates suddenly fall by 1.6 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.) Bond Bond K MA in Price % 12.34%