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Interest Rate, Bond J is a 3% coupon bond. Bond K is a 9% coupon bond. Both bonds have 15 years to maturity, make semi-annual

Interest Rate, Bond J is a 3% coupon bond. Bond K is a 9% coupon bond. Both bonds have 15 years to maturity, make semi-annual payments, and have a YTM of 6%. If interest rates suddenly rise by 2%, what is the percentage price change of these bonds? What if rates suddenly fall by 2% instead? What does this problem tell you about the interest rate risk of lower coupon bonds

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