Bond J is a 6.6 percent coupon bond. Bond K is a 10.6 percent coupon bond. Both bonds have 20 years to maturity and have a YTM of 6.8 percent.

a.	If interest rates suddenly rise by 1.2 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 1.2 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	%