Bond J has a coupon rate of 6 percent. Bond K has a coupon rate of 10 percent. Both bonds have 9 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?
	multiple choice 1 -12.45% -11.47% -12.47% -10.47%

	If interest rates suddenly rise by 2 percent, what is the percentage price change of Bond K?
	multiple choice 2 -11.42% -9.44% 26.41% -11.44%

	If interest rates suddenly fall by 2 percent, what is the percentage price change of Bond J?
	multiple choice 3 -12.49% 14.74% 14.72% -18.24%

	If interest rates suddenly fall by 2 percent, what is the percentage price change of Bond K?
	multiple choice 4 13.32% 13.44% 7.08% -11.46%