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

	If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J?
	multiple choice 1 -19.78% -19.80% -18.80% -17.80%

	If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K?
	multiple choice 2 22.93% -16.86% -14.88% -16.88%

	If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J?
	multiple choice 3 26.12% -45.88% 26.14% -19.82%

	If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K?
	multiple choice 4 21.83% -10.47% 21.71% -16.90%

rev: 06_15_2020_QC_CS-216298