Bond $J$ has a coupon rate of $7$ percent outstanding. Bond $K$ has a coupon rate of $13$

percent outstanding. Both bonds have $16$ years to maturlty, make semlannual payments,

and have a YTM of $10$ percent.

If Interest rates suddenly rise by $2$ percent, what is the percentage change In the price of

these bonds? $($A negatlve answer should be Indlcated by a minus sign. Do not round

Intermedlate calculations and enter your answers as a percent rounded to $2$ decimal

places, e$.$g$.,32\mathrm{.}16.)$

What If Interest rates suddenly fall by $2$ percent Instead? $($Do not round Intermedlate

calculations and enter your answers as a percent rounded to $2$ declmal places, e$.$g$.,$

$32\mathrm{.}16.)$