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Bond J is a 4.4% coupon bond. Bond K is a 10.4% coupon bond. Both bonds have 15 years to maturity, make semiannual payments and

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Bond J is a 4.4% coupon bond. Bond K is a 10.4% coupon bond. Both bonds have 15 years to maturity, make semiannual payments and have a YTM of 7.4%. (Do not round intermediate calculations. Negative answers should be indicated by a minus sign. Round the final answers to 2 decimal places.) If interest rates suddenly rise by 2%, what is the percentage price change of these bonds? Percentage change in price of Bond J Percentage change in price of Bond K > What if rates suddenly fall by 2% instead? % Percentage change in price of Bond J Percentage change in price of Bond K Langford Co. issued 14-year bonds a year ago at a coupon rate of 7.1%. The bonds make semiannual payments. If the YTM on these bonds is 5.4%, what is the current bond price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Current bond price $

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