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Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 8 percent. Both bonds have 9 years to maturity,

image text in transcribed Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 8 percent. Both bonds have 9 years to maturity, make semiannual payments, and have a YTM of 8 percent. If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J? 18.19%16.21%17.21%18.21% If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K ? 17.72%16.87%16.85%14.87% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J? 18.23%23.42%33.74%23.44% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K ? 21.41%21.53%16.89%15.87%

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