Bond j is a 3 percent coupon bond

Reference no: EM13498888

Bond J is a 3 percent coupon bond. Bond K is a 9 percent coupon bond.
Both bonds have 15 years to maturity, make semiannual payments, and have a YTM of 6 percent.
If interest rates suddenly rose by 2 percent, what is the percentage price change of these bonds?

Reference no: EM13498888

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