Bond J has a coupon rate of 6 percent. Bond K has a coupon rate of 9 percent. Both bonds have 7 years to maturity, make semiannual payments, and have a YTM of 9 percent.

	If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond J?
	multiple choice 1 -19.15% -17.15% -18.15% -19.13%

	If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond K?
	multiple choice 2 18.95% -18.03% -16.03% -18.01%

	If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond J?
	multiple choice 3 -19.17% 25.02% 25.00% -31.55%

	If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond K?
	multiple choice 4 -17.03% 23.26% -18.05% 23.38%