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Bond J has a coupon rate of 3 percent and Bond ( K ) has a coupon rate of 9 percent. Both bonds
Bond J has a coupon rate of percent and Bond K has a coupon rate of percent. Both bonds have years to maturity, make semiannual payments, and have a YTM of percent. a If interest rates suddenly rise by percent, what is the percentage price change of these bonds? A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to decimal places, eg b What if rates suddenly fall by percent instead? Do not round intermediate calculations and enter your answers as a percent rounded to decimal places, eg
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