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Bond j is a 3 % coupon bond. Bond k is a 9 % coupon. Both bonds have 1 5 years to maturity, make semiannual

Bond j is a 3% coupon bond. Bond k is a 9% coupon. Both bonds have 15years to maturity, make semiannual payments and have a YTM of 6%. If interest rate suddenly rise by2%, what is the percentage price change of these bonds? What if rates suddenly fall by 2% instead? What does this problem tell you about the interest rate risk of lower coupon bonds? By using finanacial calculator approah, BA II Plus Texas instruments.

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