Bond J is a 3 percent coupon bond. Bond K is a 8 percent coupon...
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Bond J is a 3 percent coupon bond. Bond K is a 8 percent coupon bond. Both bonds have 6 years to maturity, make semiannual payments, and have a YTM of 7 percent. If interest rates suddenly decline by 4 percent, Bond J will rise in price by percent (enter 5.5% as 5.5 not 0.055, min 2 decimal accuracy)
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