Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 10 percent. Both bonds have 8 years to maturity, make semiannual payments, and have a YTM of 6 percent.

	If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond J?
	multiple choice 1 -21.21% -22.21% -22.19% -20.21%

	If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond K?
	multiple choice 2 -18.08% -20.08% 37.06% -20.06%

	If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond J?
	multiple choice 3 -27.09% -22.23% 30.24% 30.26%

	If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond K?
	multiple choice 4 1.00% 26.85% -20.10% 26.97%