Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 11 percent. Both bonds have 6 years to maturity, make semiannual payments, and have a YTM of 7 percent.

	If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J?
	multiple choice 1 -11.83% -13.81% -12.83% -13.83%

	If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K?
	multiple choice 2 -12.48% -10.48% 27.01% -12.46%

	If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J?
	multiple choice 3 16.53% -22.16% -13.85% 16.55%

	If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K?