Bond J has a coupon rate of 4 percent. Bond K has a coupon rate of 11 percent. Both bonds have 8 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 -15.16% -17.14% -16.16% -17.16% If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K? multiple choice 2 23.90% -14.64% -12.64% -14.62% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J? multiple choice 3 -40.42% 21.59% 21.57% -17.18% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K? multiple choice 4 -4.05% -14.66% 18.13% 18.01%