What is the percentage price change of these bonds

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Bond J is a 4 percent coupon bond. Bond K is a 10 percent coupon bond. Both bonds have 17 years to maturity, make semiannual payments, and have a YTM of 7 percent. If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? What if rates suddenly fall by 2 percent instead?

Reference no: EM131060853

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