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Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 11 percent. Both bonds have 9 years to maturity,

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Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 11 percent. Both bonds have 9 years to maturity, make semiannual payments, and have a YTM of 6 percent. If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J? 18.97%17.97%19.97%19.95% If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K ? 38.53%16.54%14.54%16.52% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J ? 36.48%25.99%25.97%19.99% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K ? 20.94%13.16%16.56%21.06%

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