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Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 9 percent. Both bonds have 1 8 years to
Bond J has a coupon rate of percent. Bond K has a coupon rate of percent. Both bonds have years to maturity, make
semiannual payments, and have a YTM of percent.
If interest rates suddenly rise by percent, what is the percentage price change of these bonds?
Note: 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
What if rates suddenly fall by percent instead?
Note: Do not round intermediate calculations and enter your answers as a percent rounded to decimal places, eg
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