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Bond J has a coupon rate of 6 percent. Bond K has a coupon rate of 11 percent. Both bonds have 7 years to maturity,

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Bond J has a coupon rate of 6 percent. Bond K has a coupon rate of 11 percent. Both bonds have 7 years to maturity, make semiannual payments, and have a YTM of 7 percent. If interest rates suddenly rise by 2 percent, what is the percentage price change of Bond J ? 10.44% 9.44% 10.42% 8.44% If interest rates suddenly rise by 2 percent, what is the percentage price change of Bond K ? 7.54% 9.52% 9.54% 25.97% If interest rates suddenly fall by 2 percent, what is the percentage price change of Bond J ? 11,96% 10.46% 11.94% If interest rates suddenly fall by 2 percent, what is the percentageyprice change of Bond J? 11.96% 10.46% 11.94% 15.33% If interest rates suddenly fall by 2 percent, what is the percentage price change of Bond K ? 9.56% 11.22% 10.86% 10.74%

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