Bond J has a coupon rate of 6 percent. Bond K has a coupon rate of 10 percent. Both bonds have 10 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?
	-19.16% -19.18% -17.18% -18.18%

	If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K?
	32.91% -17.57% -15.57% -17.55%

	If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J?
	-24.92% 25.25% 25.23% -19.20%

	If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K?
	22.74% 22.86% 1.00% -17.59%