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value of $ 1 , 0 0 0 , and a YTM of 1 2 . 2 percent, and both make semiannual payments. a .
value of $ and a YTM of percent, and both make semiannual payments.
a If interest rates suddenly rise by percent, what is the percentage change in the price of these bonds?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to decimal places, eg
b If interest rates suddenly fall by percent instead, what is the percentage change in the price of these bonds?
Note: Do not round intermediate calculations and enter your answers as a percent rounded to decimal places, eg
tableBond JBond Ka Percentage change in price,,
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