Bond J is a 4 percent coupon bond. Bond K is a 10 percent coupon bond. Both bonds have 7 years to maturity, make semiannual payments, and have a YTM of 8 percent.

Bond J is a 4 percent coupon bond. Bond K is a 10 percent coupon bond. Both bonds have 7 years to maturity, make semiannual payments, and have a YTM of 8 percent. Requirement 1: (a) If interest rates suddenly rise by 2 percent, what is the percentage price change of Bond J? (Click to select) (b) If interest rates suddenly rise by 2 percent, what is the percentage price change of Bond K? (Click to select Requirement 2: (a) If interest rates suddenly fall by 2 percent, what is the percentage price change of Bond J? (Click to select (b) If interest rates suddenly fall by 2 percent, what is the percentage price change of Bond K? (Click to select)