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Bond J is a 6 percent coupon bond. Bond K is a 10 percent coupon bond....

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Finance

Bond J is a 6 percent coupon bond. Bond K is a 10 percent couponbond. Both bonds have 10 years to maturity, make semiannualpayments, and have a YTM of 8 percent. If interest rates suddenlyfall by 2 percent, the percentage change in price of Bonds J and Kis ____ percent and _____ percent, respectively.(Negative amounts should be indicated by a minus sign. Do notinclude the percent signs (%). Round your answers to 2 decimalplaces. (e.g., 32.16))

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Bond J is a 6 percent coupon bond. Bond K is a 10 percent couponbond. Both bonds have 10 years to maturity, make semiannualpayments, and have a YTM of 8 percent. If interest rates suddenlyfall by 2 percent, the percentage change in price of Bonds J and Kis ____ percent and _____ percent, respectively.(Negative amounts should be indicated by a minus sign. Do notinclude the percent signs (%). Round your answers to 2 decimalplaces. (e.g., 32.16))

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