Bond J has a coupon rate of 4 percent. Bond K has a coupon rate of 8 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?
	multiple choice 1 -27.33% -29.31% -29.33% -28.33%

	If interest rates suddenly rise by 5 percent, what is the percentage price change of Bond K?
	multiple choice 2 -26.48% -26.50% -24.50% 32.97%

	If interest rates suddenly fall by 5 percent, what is the percentage price change of Bond J?
	multiple choice 3 45.09% 45.11% -29.35% -43.31%

	If interest rates suddenly fall by 5 percent, what is the percentage price change of Bond K?
	multiple choice 4 -26.52% 39.96% -20.66% 39.84%