What is the percentage price change of bonds

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Bond J is a 7 percent coupon bond. Bond K is a 13 percent coupon bond. Both bonds have 20 years to maturity, make semiannual payments, and have a YTM of 10 percent. If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? (Negative amount should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16))) Percentage change in price of Bond J % Percentage change in price of Bond K % What if rates suddenly fall by 2 percent instead?

Reference no: EM131020484

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