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Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 12 percent. Both bonds have 9 years to maturity,

image text in transcribed Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 12 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 ? 24.27%23.27%25.25%25.27% If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond K? 20.57%18.57%41.36%20.55%

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