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Bond J has a coupon rate of 4.1 percent. Bond K has a coupon rate of 14.1 percent. Both bonds have nine years to maturity,
Bond J has a coupon rate of 4.1 percent. Bond K has a coupon rate of 14.1 percent. Both bonds have nine years to maturity, a par value of $1,000, and a YTM of 9.2 percent, and both make semiannual payments.
A)If interest rates suddenly rise by 3 percent, what is the percentage change in the price of these bonds?
B) f interest rates suddenly fall by 3 percent instead, what is the percentage change in the price of these bonds?
Can please do this question in EXCEL ONLY
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