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Bond J is a 6.2 percent coupon bond. Bond K is a 10.2 percent coupon bond. Both bonds have 20 years to maturity and have

Bond J is a 6.2 percent coupon bond. Bond K is a 10.2 percent coupon bond. Both bonds have 20 years to maturity and have a YTM of 6.9 percent. a. If interest rates suddenly rise by 1 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 1 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 %

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