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Bond J is a 5 percent coupon bond. Bond K is a 11 percent coupon bond. Both bonds have 18 years to maturity, make semiannual

Bond J is a 5 percent coupon bond. Bond K is a 11 percent coupon bond. Both bonds have 18 years to maturity, make semiannual payments, and have a YTM of 8 percent.

If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? image text in transcribed

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