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Bond J has a coupon rate of 5.3 percent. Bond S has a coupon rate of 15.3 percent. Both bonds have eleven years to maturity,

Bond J has a coupon rate of 5.3 percent. Bond S has a coupon rate of 15.3 percent. Both bonds have eleven years to maturity, make semiannual payments, and have a YTM of 11.6 percent. Requirement 1: If interest rates suddenly rise by 3 percent, what is the percentage change in the price of these bonds? (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places (e.g., 32.16).) Percentage change in price Bond J % Bond S % Requirement 2: If interest rates suddenly fall by 3 percent instead, what is the percentage change in the price of these bonds? (Do not round intermediate calculations. Round your answers to 2 decimal places (e.g., 32.16).) Percentage change in price Bond J % Bond S %

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