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Bond J has a coupon rate of 5 . 3 percent. Bond K has a coupon rate of 1 5 . 3 percent. Both bonds
Bond J has a coupon rate of percent. Bond K has a coupon rate of percent. Both bonds have eleven years to maturity, a par value of $ and a YTM of percent, and both make semiannual payments.
If interest rates suddenly rise by percent, what is the percentage change in the price of these bonds?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to decimal places, eg
If interest rates suddenly fall by percent instead, what is the percentage change in the price of these bonds?
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