First Question:

Bond J is a 3 percent coupon bond. Bond K is a 9 percent coupon bond. Both bonds have 7 years to maturity, make semiannual payments, and have a YTM of 6 percent.

If interest rates suddenly rise by 5 percent,

Bond J will decrease in price by percent (enter 5.5% as 5.5 not 0.055, min 2 decimal accuracy)

Second Question:

{Continuation of Previous Question}

Bond J is a 3 percent coupon bond. Bond K is a 9 percent coupon bond. Both bonds have 7 years to maturity, make semiannual payments, and have a YTM of 6 percent.

If interest rates suddenly rise by 5 percent,

Bond K will decrease in price by . percent (enter 5.5% as 5.5 not 0.055, min 2 decimal accuracy)