What is the percentage price change of bond

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Bond J is a 3 percent coupon bond. Bond K is a 11 percent coupon bond. Both bonds have 9 years to maturity, make semi annual payments, and have a YTM of 7 percent.(a) If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J?(b) If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K?(a) If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J and Bond K?

Reference no: EM13880182

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