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Bond J has a coupon rate of 7 percent and Bond K has a coupon rate of 13 percent. Both bonds have 15 years to

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Bond J has a coupon rate of 7 percent and Bond K has a coupon rate of 13 percent. Both bonds have 15 years to maturity, make semiannual payments, and have a YTM of 10 percent If interest rates suddenly rise by 2 percentwhat is the percentage price change of these bonds? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Percentage change in price of Bond J Percentage change in price of Bond K What if rates suddenly fall by 2 percent instead? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, eg., 32.16.) Percentage change in price of Bond J % Percentage change in price of Bond K

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