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ond J has a coupon rate of 5.8 percent. Bond S has a coupon rate of 15.8 percent. Both bonds have eleven years to maturity,

ond J has a coupon rate of 5.8 percent. Bond S has a coupon rate of 15.8 percent. Both bonds have eleven years to maturity, make semiannual payments, and have a YTM of 12.6 percent.

Requirement 2:

If interest rates suddenly fall by 2 percent instead, what is the percentage change in the price of these bonds?

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