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Bond J is a 3 percent coupon bond. Bond K is a 9 percent coupon bond. Bother bonds have 7 years to maturity, make semiannual

Bond J is a 3 percent coupon bond. Bond K is a 9 percent coupon bond. Bother bonds have 7 years to maturity, make semiannual payments, and have YTM of 6 percent.

If interest rates suddenly rise by 5 percent,

Bond J will decrease in price by ..... percent (enter 5.5% as 5.5 not 0.055, min 2 decimal accuracy)?

Bond K will decrease in price by ..... percent?

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