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Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 12 percent. Both bonds have 8 years to maturity,

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Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 12 percent. Both bonds have 8 years to maturity, make semiannual payments, and have a YTM of 7 percent. If interest rates suddenly rise by 5 percent, what is the percentage price change of Bond J? 24.48%26.48%25.48%26.46% If interest rates suddenly rise by 5 percent, what is the percentage price change of Bond K? 42.39%23.22%21.22%23.20% If interest rates suddenly fall by 5 percent, what is the percentage price change of Bond J? 38.87%26.50%38.85% If interest rates suddenly rise by 5 percent, what is the percentage price change of Bond K ? 42.39%23.22%21.22%23.20% If interest rates suddenly fall by 5 percent, what is the percentage price change of Bond J? 38.87%26.50%38.85%35.37% If interest rates suddenly fall by 5 percent, what is the percentage price change of Bond K ? 23.24%33.17%33.29%1.00%

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