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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 6 years to maturity,

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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 6 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? -18.78% 0-18.76% -16.78% 0-17.78% If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond K? 0 -16.42% -14.42% 27.63% 0-16.40% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond J? -18.80% -34.47% 23.96% O 23.94% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond K? 20.56% 0-3.31% 0 -16.44% O 20.68%

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