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have 1 5 years to maturity, make semiannual payments and have a YM of 6 . 1 % . ( Do not round intermediate calculations.
have years to maturity, make semiannual payments and have a YM of Do not round intermediate calculations. Negative answers should be indicated by a minus sign. Round the final answers to decimal places.
If interest rates suddenly rise by what is the percentage price change of these bonds?
Percentage change in price of Bond J Percentage change in price of Bond K
What if rates suddenly fall by instead?
Percentage change in price of Bond J Percentage change in price of Bond K
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