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Bond J has a coupon rate of 6 percent. Bond K has a coupon rate...

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Finance

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Bond J has a coupon rate of 6 percent. Bond K has a coupon rate of 11 percent. Both bonds have 8 years to maturity, make semiannual payments, and have a YTM of 8 percent. If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond J? 0 -20.13% 0-21.11% 0-21.13% 0 -19.13% If interest rates suddenly rise by 4 percent, what is the percentage price change of Bond K? 0 -19.18% 0-17.18% 0 -19.16% O 32.21% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond J? 0 -30.32% 0-21.15% O 28.56% O 28.54% If interest rates suddenly fall by 4 percent, what is the percentage price change of Bond K? 0 -19.20% O-4.05% O 25.57% O 25.45%

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