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UBond J has a coupon rate of 4 . 5 percent. Bond K has a coupon rate of 1 4 . 5 percent. Both bonds

UBond J has a coupon rate of 4.5 percent. Bond K has a coupon rate of 14.5 percent. Both bonds have eight years to maturity, a par value of $1,000, and a YTM of 10 percent, and both make semiannual payments.
If interest rates suddenly rise by 3 percent, what is the percentage change in the price of these bonds?

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