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 7 percent.

If interest rates suddenly rise by 2 percent, what is the percentage price change of Bond J? multiple choice 1 -10.82% -12.82% -11.82% -12.80% If interest rates suddenly rise by 2 percent, what is the percentage price change of Bond K? multiple choice 2 -9.89% -11.87% -11.89% 17.72% If interest rates suddenly fall by 2 percent, what is the percentage price change of Bond J? multiple choice 3 15.19% -24.32% -12.84% 15.17% If interest rates suddenly fall by 2 percent, what is the percentage price change of Bond K? multiple choice 4 13.89% -11.91% 14.01% -5.08%