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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 6 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 6 years to maturity, make semlannual payments, and have a YTM of 9 percent. If Interest rates suddenly rise by 4 percent, what is the percentage price change of Bond J ? 17.03%16.03%18.01%18.03% If Interest rates suddenly rise by 4 percent, what is the percentage price change of Bond K ? 14.32%16.30%16.32%17.02% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond J ? 2288%18.05%22.86%36.71% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond K ? 20.52%16.34%15.32%20.40%

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