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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 a 6 years to

Bond J has a coupon rate of 4 percent. Bond K has a coupon rate of 10 percent. Both bonds have a 6 years to maturity, make semiannual payments, and have a YTM of 6 percent.

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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 6 years to maturity, make semiannual payments, and have a YTM of 6 percent. If interest rates suddenly rise by 5 percent, what is the percentage price change of Bond J? -20.44% -21.44% -22.42% -22.44% If interest rates suddenly rise by 5 percent, what is the percentage price change of Bond K? -20.18% -18.20% 34.33% -20.20% If interest rates suddenly fall by 5 percent, what is the percentage price change of Bond J? 30.41% -30.16% -22.46% 30.39% If interest rates suddenly fall by 5 percent, what is the percentage price change of Bond K? 27.00% -3.31% 26.88% -20.22%

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