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Bond J has a coupon rate of 4 percent. Bond K has a coupon rate of 9 percent. Both bonds have 8 years to maturity,

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Bond J has a coupon rate of 4 percent. Bond K has a coupon rate of 9 percent. Both bonds have 8 years to maturity, make semiannual payments, and have a YTM of 6 percent. If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J? 17.73%16.75%15.75%17.75% If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K ? 15.85%29.77%13.85%15.83% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J ? 22.43%28.09%17.77%22.45% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K ? 19.70%19.82%1.00%15.87%

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