Bond J has a coupon rate of 7 percent and Bond K has a coupon rate of 13 percent. Both bonds have 16 years to maturity, make semiannual payments, and have a YTM of 10 percent . interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as percent rounded to 2 decimal places, , 32.16. b. 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, oplus.9.,32.16.)

I just have a TI 84 calculator for doing these problems.. whats the best way to do this!? Thanks, ill be sure to thumbs up

Problem 7-20 Interest Rate Risk (LO2] Bond J has a coupon rate of 7 percent and Bond K has a coupon rate of 13 percent. Both bonds have 16 years to maturity, make semiannual payments, and have a YTM of 10 percent a. If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? (A negative answer 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.) b. 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, e.g., 32.16.) Bond J Bond K Bond J Bond K