What is percentage price change of these bonds

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Bond J is a 4% coupon bond and bond K is a 12% coupon bond. Both bonds have $1,000 face value, eight years to maturity, make semiannual payments, and have a ytm of 7%. If interest rates suddenly rise by 2%, what is the percentage price change of these bonds?

Reference no: EM131351445

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What is percentage price change of these bonds : Bond J is a 4% coupon bond and bond K is a 12% coupon bond. Both bonds have $1,000 face value, eight years to maturity, make semiannual payments, and have a ytm of 7%. If interest rates suddenly rise by 2%, what is the percentage price change of thes..
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