Bond J has a coupon rate of 4.2 percent. Bond K has a coupon rate of...

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Bond J has a coupon rate of 4.2 percent. Bond K has a couponrate of 14.2 percent. Both bonds have ten years to maturity, a parvalue of $1,000, and a YTM of 9.4 percent, and both make semiannualpayments.
a.
If interest rates suddenly rise by 2 percent, what is thepercentage change in the price of these bonds? (A negative answershould be indicated by a minus sign. Do not round intermediatecalculations and enter your answers as a percent rounded to 2decimal places, e.g., 32.16.)
b. If interest rates suddenly fall by 2 percent instead, what isthe percentage change in the price of these bonds?

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Bond J has a coupon rate of 4.2 percent. Bond K has a couponrate of 14.2 percent. Both bonds have ten years to maturity, a parvalue of $1,000, and a YTM of 9.4 percent, and both make semiannualpayments.a.If interest rates suddenly rise by 2 percent, what is thepercentage change in the price of these bonds? (A negative answershould be indicated by a minus sign. Do not round intermediatecalculations and enter your answers as a percent rounded to 2decimal places, e.g., 32.16.)b.If interest rates suddenly fall by 2 percent instead, what isthe percentage change in the price of these bonds?


a.	If interest rates suddenly rise by 2 percent, what is thepercentage change in the price of these bonds? (A negative answershould be indicated by a minus sign. Do not round intermediatecalculations and enter your answers as a percent rounded to 2decimal places, e.g., 32.16.)
b.	If interest rates suddenly fall by 2 percent instead, what isthe percentage change in the price of these bonds?