Bond J has a coupon rate of 5 percent. Bond S has a coupon rate of 15 percent. Both bonds have eight years to maturity, make semiannual payments, a par value of $1,000, and have a YTM of 11 percent. If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds?

Bond J has a coupon rate of 5 percent. Bond S has a coupon rate of 15 percent. Both bonds have eight years to maturity, make semiannual payments, a par value of $1,000, and have a YTM of 11 percent. If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Percentage change in price -11.20 % -4.77 X % Bond J Bond S If interest rates suddenly fall by 2 percent instead, what is the percentage price change of these bonds? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Percentage change in price 13.00 % 10.57 % Bond J Bond S