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Bond J has a coupon rate of 5 3 percent. Bond S has a coupon rate of 15,3 percent. Both bonds have eleven years to

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Bond J has a coupon rate of 5 3 percent. Bond S has a coupon rate of 15,3 percent. Both bonds have eleven years to maturity, make semiannual payments, a par value of $1,000, and have a YTM of 11.6 percent If interest rates suddenly rise by 3 percent, what is the percentage price change of these bonds? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g. 32.16.) Percentage change in price Bond ) Bond S If interest rates suddenly fall by 3 percent instead, what is the percentage price change of these bonds? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.. 32.16.) Percentage change in price % Bond 3 Bond S

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