What is the percentage price change of bonds

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Reference no: EM131544019

Bond J has a coupon rate of 4.3 percent. Bond S has a coupon rate of 14.3 percent. Both bonds have eleven years to maturity, make semiannual payments, a par value of $1,000, and have a YTM of 9.6 percent.

If interest rates suddenly rise by 3 percent, what is the percentage price change of these bonds?

Reference no: EM131544019

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