Bond J is a 4% coupon bond. Bond K is a 12% coupon bond. Both bonds have 9 years to maturity, make semiannual payments, and have a YTM of 8%. If interest rates suddenly rise by 2%, what is the percentage price change of these bonds? If interest rates suddenly fall by 2%, what is the percentage price change of these bonds? Do you expect these results? What does this problem tell you about the interest rate risk of the lower coupon bonds? Please explain