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Bond J has a coupon rate of 4.3 percent. Bond S has a coupon rate of 14.3 percent. Both bonds have eleven years to maturity,

Bond J has a coupon rate of 4.3 percent. Bond S has a coupon rate of 14.3 percent. Both bonds have eleven years to maturity, make semiannual payments, and have a YTM of 9.6 percent.

Requirement 1:

If interest rates suddenly rise by 3 percent, what is the percentage change in the price of these bonds?

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