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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 7 years to maturity,

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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 7 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 ? 20.53%19.55%20.55%18.55% If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond K ? 18.20%30.51%18.18%16.20% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond J? 20.57%27.07%33.56%27.09% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond K? 23.65%18.22%23.53%3.79%

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