Calculate the percent change in price for bond J in part a.

Also calculate the duration for Macaulay, and modified

Bond J has a coupon of 5.6 percent. Bond K has a coupon of 9.6 percent. Both bonds have 15 years to maturity and have a YTM of 5.9 percent. a. If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? ( A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. A bond with a coupon rate of 10 percent sells at a yield to maturity of 11 percent. If the bond matures in 10 years, what is the Macaulay duration of the bond? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Answer is complete but not entirely correct