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Bond J has a coupon rate of 6 percent and Bond K has a coupon rate of 12 percent. Both bonds have 20 years to

Bond J has a coupon rate of 6 percent and Bond K has a coupon rate of 12 percent. Both bonds have 20 years to maturity, make semiannual payments, and have a YTM of 9 percent.If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds?What if rates suddenly fall by 2 percent instead?

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