Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 12 percent. Both bonds have 9 years to maturity, make semiannual payments, and have a YTM of 8 percent.

	If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J?
	multiple choice 1 -16.21% -18.21% -18.19% -17.21%

	If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K?
	multiple choice 2 -15.70% -13.72% -15.72% 33.44%

	If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J?
	multiple choice 3 -18.23% 23.42% -33.74% 23.44%

	If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K?
	multiple choice 4 6.62% 19.76% -15.74% 19.88%