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Bond J has a coupon of 4.4 percent. Bond K has a coupon of 8.4...

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Bond J has a coupon of 4.4 percent. Bond K has a coupon of 8.4 percent. Both bonds have 10 years to maturity and have a YTM of 5 percent. a. If interest rates suddenly rise by 1 percent, what is the percentage price change of these bonds? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) b. If interest rates suddenly fall by 1 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.)

Bond J has a coupon of 4.4 percent. Bond K has a coupon of 8.4 percent. Both bonds have 10 years to maturity and have a YTM of 5 percent. a. If interest rates suddenly rise by 1 percent, what is the percentage price change of these bonds? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) %A in Price % Bond J Bond K % b. If interest rates suddenly fall by 1 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.) Bond J %A in Price % % Bond K

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