Bond J has a coupon rate of 6 percent. Bond K has a coupon rate of 11 percent. Both bonds have 9 years to maturity, make semiannual payments, and have a YTM of 8 percent.

	If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond J?
	multiple choice 1 -21.70% -22.68% -20.70% -22.70%

	If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond K?
	multiple choice 2 -20.51% -18.51% -20.49% 34.41%

	If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond J?
	multiple choice 3 31.66% -22.72% 31.64% -32.48%

	If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond K?
	multiple choice 4 -20.53% -4.41% 28.14% 28.02%