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Bond J is a 3 . 4 % coupon bond. Bond K is a 9 . 4 % coupon bond. Both bonds have 1 5
Bond J is a coupon bond. Bond K is a coupon bond. Both bonds have years to maturity, make semiannual payments and
have a YTM of Do not round intermediate calculations. Negative answers should be indicated by a minus sign. Round the
final answers to decimal places.
If interest rates suddenly rise by what is the percentage price change of these bonds?
Percentage change in price of Bond
Percentage change in price of Bond
What if rates suddenly fall by instead?
Percentage change in price of Bond
Percentage change in price of Bond
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