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Bond J is a 3 percent coupon bond. Bond K is a 10 percent coupon bond. Both bonds have 10 years to maturity, make semiannual

Bond J is a 3 percent coupon bond. Bond K is a 10 percent coupon bond. Both bonds have 10 years to maturity, make semiannual payments, and have a YTM of 8 percent. Requirement 1: (a) If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J? (b) If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K? Requirement 2: (a) If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J? (b) If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K

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