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Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 10 percent. Both bonds have 9 years to maturity,
Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 10 percent. Both bonds have 9 years to maturity, make semiannual payments, and have a YTM of 7 percent. If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond J? 25.25% 23.27% 25.27% 24.27% If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond K? 19.21% 35.42% 21.21% 21.19% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond J? 35.83% 44.98% 35.81% 25.29% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond K ? 21.23% 4.62% 29.28% 29.16\%
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