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Bond J is a 7 percent coupon bond. Bond K is a 14 percent coupon bond. Both bonds have 11 years to maturity, make semiannual
Bond J is a 7 percent coupon bond. Bond K is a 14 percent coupon bond. Both bonds have 11 years to maturity, make semiannual payments, and have a YTM of 10.5 percent.
If interest rates suddenly rise by 1 percent, the percentage change in price of Bonds J and K is ___ percent and ___ percent, respectively.
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