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Bond J has a coupon rate of 6 percent. Bond K has a coupon rate of 12 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 12 percent. Both bonds have 7 years to maturity, make semiannual payments, and have a YTM of 7 percent. If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J? 13.17% 14.17% 15.17% 15.15% If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K ? 11.67% 13.65% 32.63% 13.67% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J? If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J? 19.80% 15.19% 18.58% 18.56% If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K ? 16.47% 16.59% 13.69% 10.90%

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