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Problem 10-18 Interest Rate Risk (LO3, CFA4) Bond J has a coupon of 4.6 percent. Bond K has a coupon of 8.6 percent. Both bonds

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Problem 10-18 Interest Rate Risk (LO3, CFA4) Bond J has a coupon of 4.6 percent. Bond K has a coupon of 8.6 percent. Both bonds have 10 years to maturity and have a YTM of 7.2 percent. b. If interest rates suddenly fall by 1.2 percent, what is the percentage price change of these bonds? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) & Answer is complete but not entirely correct. Bond %A in Price 11.39 10.16 % % Bond

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