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Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 10 percent. Both bonds have 7 years to maturity,

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Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 10 percent. Both bonds have 7 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? -15.34% -15.36% -13.36% -14.36% If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K? - 11.89% -13.89% -13.87% 22.62% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J? -28.77% -15.38% 18.83% 18.81% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K? 16.88% -13.91% 16.76% -3.79%

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