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Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 10 percent. Both bonds have 7 years to maturity,

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Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 10 percent. Both bonds have 7 years to maturity, make semiannual payments, and have a YTM of 9 percent. If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J? 13.19%15.17%15.19%14.19% If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K ? 13.69% 18.43% 13.71% 11.71% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J? 18.60% 32.53% 18.58% 15.21% 15.17%15.19%14.19% If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K? 13.69%18.43%13.71%11.71% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J? 18.60%32.53%18.58%15.21% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K ? 1373% 16.63% 16.51% 8.29%

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