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. Interest Rate Risk (LO2) Bond J is a 3 coupon bond. Bond ( mathrm{K} ) is a 9 coupon bond. Both bonds have 15

image text in transcribed . Interest Rate Risk (LO2) Bond J is a \3 coupon bond. Bond \\( \\mathrm{K} \\) is a \9 coupon bond. Both bonds have 15 years to maturity, make semiannual 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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