Bond J is a 6 percent coupon bond. Bond K is a 10 percent coupon bond. Both bonds have 15 years to maturity and have a YTM of 6.6 percent.

a.	If interest rates suddenly rise by 2.4 percent, what is the percentage price change of these bonds? (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Bond J	%
Bond K	%

b.	If interest rates suddenly fall by 2.4 percent, what is the percentage price change of these bonds? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Bond J	%
Bond K	%