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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 5 percent, what is the percentage price change of Bond J? 30.33%30.35%28.35%29.35% If interest rates suddenly rise by 5 percent, what is the percentage price change of Bond K? 23.56%25.56%39.61%25.54% If interest rates suddenly fall by 5 percent, what is the percentage price change of Bond J? 48.72%46.97%46.95%30.37% If interest rates suddenly fall by 5 percent, what is the percentage price change of Bond K? 9.83%38.12%38.24%25.58%
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