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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 7 percent. If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond J? 0-22.57% -22.55% -20.57% 0-21.57% If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond K? -20.12% -18.12% 29.77% 0 -20.10% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond J? 30.79% 0-22.59% -36.62% O 30.77% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond K? -9.46% -20.14% 26.91% O 27.03%

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