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

Bond J is a 3 percent coupon bond. Bond K is a 9 percent coupon bond. Both bonds have 7 years to maturity, make semiannual payments, and have a YTM of 6 percent. Requirement 1: (a) If interest rates suddenly rise by 5 percent, Bond J will decrease in price by (Percent)? (b) Bong K will decrease in price by (Percent)?

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