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Bond J has a coupon rate of 4 percent. Bond K has a coupon rate of 10 percent. Both bonds have 9 years to maturity,

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Bond J has a coupon rate of 4 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 3 percent, what is the percentage price change of Bond J? 0-18.05% 0-19.05% -17.05% -19.03% If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K? -16.52% -14.52% -16.50% 31.02% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J? O-19.07% O24.66% -35.07% 24.64% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K? 21.03% 0-16.54% O 20.91% 1.00%

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