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Bond J has a coupon rate of 6 percent. Bond K has a coupon rate of 10 percent. Both bonds have 8 years to maturity,
Bond J has a coupon rate of 6 percent. Bond K has a coupon rate of 10 percent. Both bonds have 8 years to maturity, make semiannual payments, and have a YTM of 8 percent. If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J? -16.42%=-14.42%=-15.42%=-16.40% If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K ? {:[-13.12%],[24.61%],[-15.10%],[-15.12%]:} If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J ?
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